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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
02/15/201708:42:55Report of Foreign Issuer (6-k)
02/09/201707:43:27Report of Foreign Issuer (6-k)
02/07/201707:08:34Report of Foreign Issuer (6-k)
02/02/201708:09:59Report of Foreign Issuer (6-k)
02/01/201708:13:18Report of Foreign Issuer (6-k)
01/31/201708:43:35Report of Foreign Issuer (6-k)
01/27/201708:08:36Report of Foreign Issuer (6-k)
01/25/201717:27:50Amended Statement of Ownership (sc 13g/a)
01/19/201703:02:00Pearson Drops as Future Darkens -- WSJ
01/18/201717:36:00ADRs End Lower; Pearson Plummets
01/18/201712:56:00Correction to Bertelsmann Article
01/18/201712:47:00Bertelsmann Primed as Pearson Puts Penguin Random House on Block
01/18/201711:24:21Report of Foreign Issuer (6-k)
01/18/201709:40:00Bertelsmann Looks to Seize Moment as Big Publishing Stake Hits...
01/18/201709:38:00Bertelsmann Looks to Seize Moment as Big Publishing Stake Hits...
01/18/201708:27:00Pearson Shares Dive on Profit Warning -- 3rd Update
01/18/201706:24:00Stocks Steady as Investors Remain Cautious Ahead of Trump Inauguration...
01/18/201706:01:00Pearson Shares Dive on Profit Warning -- 2nd Update
01/18/201704:00:00Pearson Shares Dive on Profit Warning -- Update
01/18/201703:36:00Pearson Warns of Lower Profit, Dividends on Weak U.S. Trading

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