• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register
Publishers Lunch logo Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
Login Sign Up
  • Personnel
  • AI
  • Compensation
  • Unions
  • Book Bans
  • New Releases
  • Earnings
  • The Trial
  • Archives
Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
  • Publishers Marketplace
  • Site Guide
  • Help

March 30, 2022By Michael Cader

Pearson Rejects Revised Apollo Buyout; Shareholders Will Have to Wait for Management’s Promises

March 30, 2022By Michael Cader

Private equity firm Apollo Global’s third offer to buyout Pearson, made on March 28, was “unanimously rejected” by the board, which turned down 884.2 pence per share (or roughly $8.8 billion). The board says the offer “significantly undervalued the Company and its future prospects,” though the stock market has generally disagreed with that assessment: The shares had been trading for between 600 and 650 pence a share for the few months prior to the offer, and have not sustained at the offer levels since late 2018 and early 2019. Share are down about 5 percent today on the news, trading […]

Login to read full story

Filed Under: Finance

sidebar

Primary Free Sidebar

Login

Forgot Password Quick Pass User Login
Get Full Access
The Publishing Industry’s Essential Daily Read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • Many Adidas Shareholders Want A New Chair, But Bertelsmann Chief Thomas Rabe Gets Another Year May 16, 2025 Fashion United
  • Connecticut House Approves Unconstitutional Bill that Would Lead Publishers to Stop Licensing eBooks to Libraries There May 16, 2025 CT Mirror
  • Amazon Cuts 100 Jobs in the Devices and Services Unit (Which Includes Kindle Readers) May 15, 2025 Reuters
  • Rushdie Withdraws As Claremont McKenna Graduation Speaker After Muslim Students Object May 15, 2025 LA Daily News
  • Spotify Connects Music to 33 1/3 Audiobooks May 13, 2025 Spotify
  • In Soft Art Market, Riggio Collection Garners $272 Million at Christie's, Below Estimates May 13, 2025 NYT
  • The New Yorker On The Fiction Being Published On Substack May 12, 2025 The New Yorker
  • Wiley Announces Deal As Perplexity's First Education AI Partner, For Institutions to Interact with Wiley's Content May 8, 2025 Press Release
  • Following Apple's Court Loss On Requiring Commissions for In-App Purchases, Kindle App is Updated with "Get Book" Purchase Button May 6, 2025 The Verge
  • BLUEY: THE SIGN, Book Based on Most-Watched Bluey Episode Ever, Publishes November 4 May 6, 2025 Press release
Publishers Marketplace logo

Contact Us

News

  • Publishers Marketplace
  • Report News
  • Discuss
  • Classifieds
  • Rights Offerings

Deals

  • Report A Deal

Books

  • Buzz Books

Jobs

  • Job Board
  • Privacy Policy Terms of Use