Hedge fund Jana Partners, which built a 5.2 percent stake in McGraw-Hill along with the Ontario Teachers Pension Fund, disclosed earlier this month, indicated in an SEC filing on Monday exactly how it would like McGraw-Hill to function going forward. (Their combined holdings in the company also rose to 5.6 percent, according to the new filing.) Specifically, as outlined in a Powerpoint presentation given to McGraw-Hill’s board of directors earlier in the day, Jana wants the company to break itself up into four separate companies: Education, Information & Media, and two entities for S&P and its indices. “While the announcements […]
