25th Feb 2005 07:52
Pearson PLC25 February 2005 25 February 2005 Update on Recoletos sale Pearson announces that it has accepted Retos Cartera S.A.'s public tender offerin respect of Pearson's 79% stake in Recoletos, in accordance with the agreementbetween Pearson and Retos Cartera announced on 14 December 2004. The offer was launched at a price of €7.20 per share and values Pearson's stakeat €743 million. The offer has received regulatory approval and is expected tobe completed in the first quarter of 2005. For more information: Luke Swanson / Charlotte Elston + 44 (0) 20 7010 2310 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pearson