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Stock Market & Financial Investment News

News Breaks
April 15, 2014
08:02 EDTJWAJohn Wiley & Sons acquires CrossKnowledge for $175M
John Wiley & Sons announced that it has signed a definitive agreement to acquire CrossKnowledge for $175M in cash. The transaction is expected to close on May 1. CrossKnowledge is a privately-held company based in France. It offers subscription-based, digital learning solutions for multi-national corporations, universities, and small and medium-sized enterprises. CrossKnowledge generated $37M of revenue in its fiscal year ending June 30, 2013.
News For JWA From The Last 14 Days
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December 22, 2014
06:01 EDTJWAJohn Wiley & Sons announces retirement of Chairman Peter Wiley
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December 9, 2014
08:06 EDTJWAJohn Wiley & Sons sees Q3 restructuring charge of about $18M
The company expects to record a restructuring charge of approximately $18M in the third quarter. Roughly half of the expected charge is related to the completion of facility consolidations and dispositions in connection with prior restructuring actions. The restructuring charge will also include severance costs for reorganization and consolidation plans, primarily in Research and books, consistent with the November reorganization announcement.
08:05 EDTJWAJohn Wiley & Sons backs FY15 EPS view $3.25-$3.35, consensus $2.95
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08:03 EDTJWAJohn Wiley & Sons reports Q2 adjusted EPS 90c, consensus 84c
Reports Q2 revenue $477M vs. $449M last year.

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