Pearson: Receives 81.26% Valid Acceptances In EDI Deal
May 06 2011 - 12:45PM
Dow Jones News
Pearson PLC (PSON.LN), a publishing company and Education
Development International Plc or EDI (EDD.LN) announced Friday
that, as at 1200 GMT on May 6, 2011, valid acceptances had been
received in respect of a total 45,799,297 EDI Shares, representing
81.26% of the issued share capital of EDI.
MAIN FACTS:
-This total includes acceptances received in respect of
17,091,460 EDI Shares (representing 30.33% of the issued share
capital of EDI) which were subject to irrevocable commitments
procured by Pearson.
-Shares closed Friday at 1148 pence
-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411;
zechariah.hemans@dowjones.com
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