Pearson Gets 94% Valid Acceptances For Education Development Buy
05 Juli 2011 - 2:02PM
Dow Jones News
Education and publishing firm Pearson PLC (PSON.LN) Tuesday
said, as at 1200 GMT on July 4, it has received valid acceptances
in respect of a total 53,007,555 Education Development
International PLC (EDD.LN) shares, representing 94.04% of the
issued share capital of Education Development relating to the
acquisition of Education Development.
MAIN FACTS:
-Dispatching compulsory acquisition notices to acquire
compulsorily any remaining Education Development shares.
-Offer will remain open until further notice; At least 14 days
of notice will be given by an announcement before the Offer is
closed.
-Shares of Pearson at 1128 GMT up 7 pence or 0.6% at
GBP12.09.
-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448,
tapan.panchal@dowjones.com
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