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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;

Stock News for Pearson (PSO)
10/08/201506:13:43Report of Foreign Issuer (6-k)
10/02/201507:37:04Report of Foreign Issuer (6-k)
10/01/201514:44:28Report of Foreign Issuer (6-k)
10/01/201510:21:12Report of Foreign Issuer (6-k)
09/24/201510:48:49Report of Foreign Issuer (6-k)
09/14/201511:44:38Report of Foreign Issuer (6-k)
09/10/201507:30:00Bertelsmann to Launch Education Activities Unit
09/01/201506:10:53Report of Foreign Issuer (6-k)
08/12/201507:10:36Pearson Sells 50% Stake in the Economist Group -- 3rd Update
08/12/201506:13:01Report of Foreign Issuer (6-k)
08/12/201505:00:06Pearson Sells 50% Stake in Publisher of the Economist
08/12/201503:55:58Pearson Sells 50% Stake in the Economist Group -- 2nd Update
08/12/201503:22:56Pearson Sells 50% Stake in the Economist Group -- Update
08/12/201502:56:29Pearson Sells 50% Stake in the Economist Group
08/05/201508:17:34Report of Foreign Issuer (6-k)
08/03/201513:10:13Report of Foreign Issuer (6-k)
08/03/201511:47:16Report of Foreign Issuer (6-k)
07/30/201509:27:12Report of Foreign Issuer (6-k)
07/29/201512:28:31Correction to Pearson story from July 23
07/27/201507:24:52Report of Foreign Issuer (6-k)

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