25th Jan 2008 07:00
Pearson PLC24 January 2008 24 January 2008 PEARSON'S ACQUISITION OF HARCOURT ASSESSMENT CLEARED BY U.S. JUSTICE DEPARTMENT Pearson, the international education and information company, today announcesthat its purchase of the Harcourt Assessment business from Reed Elsevier hasreceived clearance from the U.S. Department of Justice. The transaction isexpected to be completed on 28 January 2008. As a condition for approval, Pearson will divest up to three diagnosticassessment tests and one further test in development. Pearson announced on 4 May 2007 that it had agreed to acquire HarcourtAssessment and Harcourt Education International from Reed Elsevier for $950million in cash. The transaction extends Pearson's position as the world'sleading education company by adding new capabilities, complementary products andinternational reach. The acquisition of Harcourt's international educationbusiness was completed in 2007. ENDS For more information: Luke Swanson/ Simon Mays-Smith/ Charles Goldsmith +44 (0)20 7010 2310 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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