Morgan Lewis Advises Pearson in $90M GlobalEnglish Buy

Law360, New York (May 25, 2012, 7:09 PM EDT) -- London-based publishing giant Pearson PLC has acquired California-based software company GlobalEnglish Corp. in a $90 million cash deal to enhance its presence in the market for educational programs geared toward students learning English as a second language, Pearson announced Friday.

Pearson agreed to purchase GlobalEnglish from its current ownership group, which includes management and financial investors, in a transaction subject to shareholder and regulatory approvals.

Pearson will be expensing integration costs relating to GlobalEnglish in 2012 and expects the acquisition to enhance adjusted earnings per share...
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