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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pearson Plc | LSE:PSON | London | Ordinary Share | GB0006776081 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.50 | -0.05% | 1,011.50 | 1,011.50 | 1,012.00 | 1,014.50 | 1,006.50 | 1,007.00 | 340,822 | 15:43:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Publishing | 3.67B | 378M | 0.5505 | 18.37 | 6.95B |
RNS No 7438m PEARSON PLC 30th June 1997 PEARSON SELLS STAKE IN TROLL Torstar Corporation, a Canadian publicly quote company, has agreed to purchase Troll Communications including Pearson plc's 49% interest. Pearson, through its Penguin subsidiary, invested $59m in Troll in May 1995. Upon completion of the sale Pearson will have received proceeds of approximately $92m including repayment of its original investment. The sale proceeds will be used to reduce Pearson's net borrowings. The transaction is expected to be completed around the end of July when necessary regulatory consent has been received. Michael Lynton, Chairman and Chief Executive of Penguin said "The disposal will allow Penguin to concentrate on its core trade book publishing activities. We look forward to selling our children's books to Troll and its new owners". For further information please contact: Clare Chalmers Pearson plc 0171 411 2312 END
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