Pearson Share Discussion Threads

[netcurtains] 30/3/2022 16:03

Peter: remember if the asset strippers think it’s worth £8:88p NOW, they clearly must think it will be worth loads more than that in a couple of years time. I’m guessing £15 could be on the cards in 2 or 3 years

[peterbill] 30/3/2022 15:59

RNS from Appolo (at 10:30)

Further to the announcements made by Apollo Global Management, Inc. and its subsidiaries ("Apollo"), on behalf of certain of its affiliated funds, and Pearson on 11 March 2022, Apollo notes that it has been unable to reach agreement with the board of Pearson as to the terms of an offer for the entire issued and to be issued share capital of Pearson.


Accordingly, Apollo confirms that it does not intend to make an offer for Pearson. This is a statement to which Rule 2.8 of the Code applies.

Pearson's reply ...

Pearson notes today's announcement from Apollo that it is no longer evaluating a possible cash offer for the Company and that it is consequently bound by the restrictions under Rule 2.8 of the City Code of Takeovers and Mergers.



The Board of Pearson confirms that, on 28 March 2022, it received a third proposal from Apollo regarding a possible cash offer for the entire issued and to be issued share capital of the Company at 870 pence per share (the "Proposal Price"). Under Apollo's proposal, eligible Pearson shareholders would also be entitled to receive the previously announced FY 2021 dividend of 14.2 pence per share which, when taken together with the Proposal Price, represents a total value of 884.2 pence per share (the "Third Proposal").


The Third Proposal followed two previous proposals from Apollo which were unanimously rejected by the Board of Pearson, as detailed in Pearson's 11 March 2022 announcement.


The Board of Pearson considered the Third Proposal, together with its financial and legal advisers, and concluded that it significantly undervalued the Company and its future prospects. Accordingly, the Board of Pearson unanimously rejected the Third Proposal.


share price fell about 10% on the news, but has since recovered somewhat - onwards and upwards ;-)

[netcurtains] 30/3/2022 15:39

Its been a great day for Pearson and the UK.
We've seen off the asset strippers
AND
the share price is rising.

😊

[ch1ck] 30/3/2022 13:51

The interview by theCEO to the Times was fantastic showing a real under of the industry and a clear vision for the future Meta Google or Apple takeover is more of his vision

[boix] 30/3/2022 12:54

Now we know.
Onwards

[netcurtains] 30/3/2022 12:25

Coming back quite strongly now.

they have as good as said that its worth £8.90p NOW

but that probably means its worth about £15.00 in a couple of YEARS.

[netcurtains] 30/3/2022 10:56

Although I'm pleased that there is no bid the price will fall alas - hopefully temporarily.

[ch1ck] 30/3/2022 10:55

No bid announced at 10 am City Group and others dump at 9 am this looks fishy to me

[netcurtains] 30/3/2022 08:33

Bloomsbury super ahead on expectations partly due to its new digital online education arm:

[boix] 29/3/2022 12:05

Anyone know what happened at just after 11am?
Tumbling down from 800 to 770p?
Large Iceberg sell order on at 785p - l2 sell side

[boix] 29/3/2022 09:42

Large volume yesterday over 10million and today we have a 1.5% increase in price back over £8 ex dividend.

[netcurtains] 28/3/2022 15:24

online education will eat into both NETFLIX and ITV markets - people nowadays often watch education videos in the evening to get further qualifications.

[boix] 26/3/2022 16:08

Realise its in play now anyway but it all helps - technicals are good.

[boix] 26/3/2022 10:08

Nice recovery to pre dividend pricing on Friday.
Looking promising for 3rd winning bid above

[boix] 25/3/2022 14:40

Sorry wrong thread

[boix] 22/3/2022 09:40

Ex dividend on Thursday

[boix] 19/3/2022 14:23

Worth a read - only 10% more is needed?

[peterbill] 18/3/2022 17:03

Agree netcurtains.

[netcurtains] 18/3/2022 15:11

Thanks for posting. That is a pitiful offer. If I was on the board I would refuse.

[peterbill] 18/3/2022 14:45

Pearson plc has announced that it has received details of a possible takeover offer from Apollo Global Management. If the offer becomes official, it is expected that you will be given the choice to sell your shares to the new company with no dealing charges.

Under the proposed terms of the offer, Apollo Global Management offered to buy all of the shares it does not currently own for GBP8.542 in cash in exchange for each share held.

[peterbill] 18/3/2022 14:44

Pearson plc has announced that it has received details of a possible takeover offer from Apollo Global Management. If the offer becomes official, it is expected that you will be given the choice to sell your shares to the new company with no dealing charges.

Under the proposed terms of the offer, Apollo Global Management offered to buy all of the shares it does not currently own for GBP8.542 in cash in exchange for each share held.

[netcurtains] 17/3/2022 08:16

Thanks johnjones4.

[johnjones4] 16/3/2022 15:47

I couldn't agree more. I should declare an interest because as well as a Pearson shareholder I'm also a Pearson author, recently retired from teaching. And the pace of change in this sector where Pearson is a major player has been extraordinary. I felt it accelerating year by year over the last decade but Covid has clearly added yet more push to the process. Ideas like Pearson + which would maybe have been clever slow burners beforehand are now looking as though they are rockets imminently taking off because the relationship between students, staff, educational institutions and the learning process is not going back to its pre-Covid character. The shift towards digital platforms and towards smart subscription models, which was happening anyway, is definitely not for reversing. That's why as an investor I'm adding here not selling, particularly at these low valuations.