DOJ OKs Pearson Merger Pending Divestiture

Law360, New York (January 24, 2008, 12:00 AM EST) -- The U.S. Department of Justice on Thursday ordered Pearson PLC to divest three diagnostic assessment tests before it can proceed with its acquisition of Reed Elsevier's Harcourt Assessment and Harcourt Education International.

The DOJ said that it had opposed the transaction as it was originally proposed because it would have resulted in higher prices for purchasers of clinical tests, including many school districts, and would likely have impaired the launch of a competitive new test for adult abnormal personality disorders.

“Without the divestitures obtained by the...
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