Private equity company Apollo Global Management has tried twice to purchase educational publisher Pearson since last November. Pearson declined an 800 pence per share in November and another offer of 854.2 pence per share on March 7, finding that Apollo “significantly undervalued the Company and its future prospects.” On Friday, following online rumors, Apollo said formally that it “notes the recent market speculation in relation to Pearson and confirms it is in the preliminary stages of evaluating a possible cash offer by certain of Apollo’s affiliated funds” to buy Pearson. Under London Stock Exchange rules, Apollo has until April 8 […]
