(CercleFinance.com) – Pearson shares climbed on the London Stock Exchange on Friday after announcing that they had rejected two takeover proposals from the American investment fund Apollo.
At 3:00 p.m. (local time), the action of the British publisher specializing in the field of education gained 18.8% in a British stock market up only 0.8%.
In a lunchtime statement, the group said it had received an offer of 854.2 pence a share earlier this week, which it rejected on the grounds that the offer ‘significantly’ undervalued its business and earnings. prospects.
In the document, Pearson specifies that he had already received, last November, a takeover offer from Apollo, this time formulated at a price of 800 pence per share.
In order to justify its refusal, the specialist in educational content underlines that its board of directors displays its full confidence in the strategy put in place last year, believing that it should create value for shareholders.
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