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Pearson Buys Globalenglish For $90 Million, Sees Adjusted EPS Enhancing From 2013

LONDON -(Dow Jones)- Pearson PLC (PSON.LN), a provider of education, consumer publishing and business information services, Friday acquired GlobalEnglish Corporation from its current ownership group for $90 million in cash, and said the transaction is subject to approval by GlobalEnglish's shareholders. MAIN FACTS: -Pearson will be expensing integration costs relating to GlobalEnglish in 2012 and expects the acquisition to enhance adjusted earnings per share and to generate a return on invested capital above Pearson's weighted average cost of capital from 2013, its first full year. -GlobalEnglish is a provider of cloud-based, on-demand Business English learning, assessment and performance support software. -Pearson shares at 1228 GMT up 2 pence, or 0.2%, at GBP11.39, valuing the company at GBP9.28 billion. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com

Stock News for Pearson (PSO)
DateTimeHeadline
02/28/201417:03:34ADR Shares End Mixed; Pearson Shares Active
02/28/201412:41:09LONDON MARKETS: FTSE Rises 4.6% On The Month; Pearson Slides
02/28/201409:54:38LONDON MARKETS: FTSE Trims Monthly Gain To 4.5% As Pearson Slides
02/28/201409:45:33EUROPE MARKETS: European Stocks Drop After Euro-zone Inflation...
02/28/201409:42:18EUROPE MARKETS: European Stocks Slip Ahead Of Inflation Data
01/27/201412:18:14LONDON MARKETS: BG Leads FTSE 100 To Five-week Low After Profit...
01/23/201412:50:01LONDON MARKETS: Pearson, Miners Lead FTSE 100 Lower
01/23/201412:13:24EUROPE MARKETS: Weaker China PMIs Spark European Stock Selloff
01/23/201407:54:05EUROPE MARKETS: European Stocks Drop With Earnings; China PMI...
01/23/201404:33:22EUROPE MARKETS: European Stocks Inch Higher After Upbeat PMIs
01/23/201403:50:06Pearson Flags Tough Trading
12/03/201304:20:10Pearson Unveils $720 Million Brazil Buy
12/03/201303:04:10Pearson Buys Brazil's Biggest English-Teaching Firm for GBP440...
11/29/201307:27:08Pearson Sells Mergermarket to BC Partners for GBP382 Million
10/30/201317:54:22ADR Shares End Mixed Following Fed Meeting
10/30/201313:21:26LONDON MARKETS: Barclays, Next Lift FTSE For Fifth Straight Day
10/30/201305:20:03Pearson Warns On Profit
10/30/201304:12:14Pearson Warns On Yearly Profit
10/18/201313:38:08Pearson Seeking Up To $500 Million for Mergermarket -Bloomberg
10/10/201317:10:20ADR Shares End Higher Amid Hints of a Debt-Ceiling Reprieve

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