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Pearson plc (PSORF)

Other OTC - Other OTC Delayed price. Currency in USD
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9.550.00 (0.00%)
At close: 02:49PM EDT
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    Pearson Slumps as Investor Apollo Walks Away After Third Rejection

    Pearson ADRs (NYSE:PSO) tumbled 6.6% Wednesday after the group’s rejection of an $8.8 billion offer from Apollo Global Management (NYSE:APO) made the U.S. investment company walk away from the proposed transaction. “The board of Pearson considered the third proposal, together with its financial and legal advisers, and concluded that it significantly undervalued the company and its future prospects,” it said in a statement. “Accordingly, the board of Pearson unanimously rejected the third proposal.”