Pearson Peels Off Harcourt UK Pearson announced Friday that they have agreed to purchase Harcourt Assessment (the American educational testing company) and Harcourt Education International, based in Oxford, England, subject to approval from regulators, for $950 million. These two units generated $524 million in sales and $31 million in operating profit in 2006. Harcourt parent Reed says the sale of the US schools unit of Harcourt Education (and other components, including the trade division) “is proceeding satisfactorily and the disposal is expected to complete in the second half of 2007.” The remaining businesses up for sale comprised $1.113 billion in […]
