Freshfields Advises Pearson In $143M Melorio Deal
The companies announced the deal Wednesday, with U.K.-based Pearson, which owns book publisher Penguin Group and the Financial Times newspaper, agreeing to pay £2.25 per Melorio share.
The price represents a 56.9 percent premium over the average closing price of Melorio stock over the past three months, they said in a statement.
Melorio's board of...
To view the full article, register now.