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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
09/19/201609:48:58Report of Foreign Issuer (6-k)
09/08/201616:57:00New Online Resource Helps Expat Families Prepare for K-12 Education...
09/06/201607:29:56Report of Foreign Issuer (6-k)
09/01/201607:41:06Report of Foreign Issuer (6-k)
08/22/201622:45:00NYC Education Department Urges Renewal of Pearson Entrance-Test...
08/22/201622:26:00NYC Education Department Urges Renewal of Pearson Testing Contract
08/02/201607:23:31Report of Foreign Issuer (6-k)
08/01/201611:42:19Report of Foreign Issuer (6-k)
07/29/201612:09:38Report of Foreign Issuer (6-k)
07/29/201605:49:00Pearson Shares Fall as Performance Disappoints
07/29/201602:47:00Pearson Trades in Line; Books Earnings Loss
07/01/201606:48:46Report of Foreign Issuer (6-k)
06/28/201607:47:49Report of Foreign Issuer (6-k)
06/03/201610:52:59Report of Foreign Issuer (6-k)
06/01/201607:25:55Report of Foreign Issuer (6-k)
05/27/201613:26:26Report of Foreign Issuer (6-k)
05/09/201611:56:29Report of Foreign Issuer (6-k)
05/05/201610:59:57Report of Foreign Issuer (6-k)
05/03/201613:56:37Report of Foreign Issuer (6-k)
05/03/201613:47:50Report of Foreign Issuer (6-k)

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