Article: Pearson takes global lead with NCS buy.

Media group Pearson said yesterday it had wrapped up a pounds 1.65 billion cash deal to buy US education services company National Computer Systems in a move to create the world's leading integrated education company.

Pearson shares fell more than seven per cent after the group said it would finance the agreed deal with a pounds 1.7 billion rights issue, offering shareholders three new shares at a deep discount of pounds 10 each for every 11 owned.

Pearson said it would pay pounds 48 a share for NCS, a deal which will bring together Pearson's course ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!