The New York Entrepreneur

UPDATE: Apollo confirms that it’s evaluating possible cash offer for Pearson

Read Time:29 Second

Apollo Global Management Inc. confirmed Friday that it is in the early stages of evaluating a cash offer for Pearson Plc . The FTSE 100 education company’s shares were up about 21% on the news. Apollo said there was no guarantee that any offer will be made or on which terms. The company is required to announce a firm intention within 28 days or announce that it does not plan an offer.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post VEON’s stock extends bounce after repayment of loans with Russia-based VTB Bank
Next post Yellen says further sanctions against Russia being considered