Pearson Buys TQ Holdings For Undisclosed Sum
17 Oktober 2011 - 10:22AM
Dow Jones News
Pearson PLC (PSON.LN), the learning company, Monday announced
the acquisition of TQ Holdings Ltd., a private company based in
Derbyshire, for an undisclosed sum.
MAIN FACTS:
-TQ provides vocational and technical education and training
services to governments, institutions and corporations around the
world.
-Its major geographic markets are the U.K. and the Middle East,
and it has particular expertise in skills related to the defense,
engineering, oil and gas and construction sectors.
-TQ had gross assets of GBP23 million at the end of September
2010.
-Pearson expects the acquisition to enhance adjusted earnings
per share from 2012, its first full year after acquisition, and to
generate a return on invested capital above Pearson's weighted
average cost of capital from 2013.
-Shares at 0750 GMT up 0.34% at GBP11.77 valuing the company at
GBP9.559 billion.
-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314;
jana.weigand@dowjones.com
Pearson (NYSE:PSO)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Pearson (NYSE:PSO)
Historical Stock Chart
Von Jul 2023 bis Jul 2024