For years investors have disapproved of McGraw-Hill’s portfolio, which folds the S&P Credit Ratings Agency, Education, and other unrelated businesses under the same umbrella. Recent share pickups by activist hedge fund Jana Partners in tandem with the Ontario Teachers Pension Fund heightened calls for the company to break up, sell, or spin off some of its divisions – especially the education side, the largest group within the company. The WSJ first reported, with other outlets following with their own unnamed sources or “people briefed on the matter” that McGraw-Hill retained investment bank Evercore Partners to advise the company on a […]
