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November 6, 2012
19:51 EDTMHP, APOMcGraw-Hill in exclusive talks with Apollo for education unit, WSJ says
McGraw-Hill (MHP) is said to be in exclusive talks with Apollo Global (APO) over the sale of its education unit, according to a Wall Street Journal report citing people familiar with matter. The report states that the education unit will likely go for less than $2.5B, though sources told the Wall Street Journal McGraw-Hill had initially sought $3B-$4B for the unit. Reference Link
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