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Stock Market & Financial Investment News

News Breaks
March 22, 2013
12:47 EDTAPO, MHPMcGraw-Hill completes sale of education business to Apollo Global
McGraw-Hill (MHP) completed the sale of its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management (APO). As previously disclosed, the purchase price was $2.4B in cash. The company is using a portion of the approximately $1.9B in after tax proceeds from the sale to pay down short-term debt, in part driven by the special dividend paid in 2012, to resume share repurchases and to make selective tuck-in acquisitions.
News For MHP;APO From The Last 14 Days
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June 30, 2015
06:18 EDTAPOSumitomo Mitsui close to deal to buy GE's European PE finance unit, WSJ reports
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June 25, 2015
14:27 EDTAPOCapital One, Apollo, Ares, Ventas bid for GE healthcare lender, Bloomberg says
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June 23, 2015
10:19 EDTAPOReno shoe chain hires bankers to explore sale, Reuters reports
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