Pearson Snaps Up Teaching And Test Prep Co. For $294M

Law360, New York (November 22, 2011, 8:30 PM EST) -- Pearson PLC, a global media and education company, will acquire language training and test preparation services company Global Education & Technology Group Ltd. for approximately $294 million, the companies announced Monday.

U.K.-based Pearson will acquire, through a wholly owned merger subsidiary, all outstanding Global Education shares, subject to approval by Global Education's shareholders and customary closing conditions. The deal is expected to be completed by the fourth quarter of 2011.

Pearson will pay $155 million in cash for Global Education, which provides educational services to students...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.