Pearson (PSON)

Sector:

Media

Index:

FTSE 100

1,042.00p
   
  • Change Today:
      7.00p
  • 52 Week High: 1,046.50
  • 52 Week Low: 754.00
  • Currency: UK Pounds
  • Shares Issued: 683.00m
  • Volume: 1,246,901
  • Market Cap: £7,117m
  • RiskGrade: 238

Pearson says it has rejected two takeover approaches from Apollo

By Michele Maatouk

Date: Friday 11 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Educational publisher Pearson said on Friday that it had rejected two preliminary and highly conditional takeover approaches from US asset manager Apollo Global Management.
Earlier in the day, Apollo said in a statement that it was in the preliminary stages of evaluating a possible cash offer for the company.

In response, Pearson said it had rejected one approach at 800p a share and another at 854.2p a share, which would value the business at around £6.4bn. Pearson said both approaches "significantly" undervalued the group and its future prospects.

"The board is confident that the lifelong learning strategy set out in March 2021 will create sustainable, long-term value for Pearson stakeholders and that the results for FY 2021 demonstrated the building momentum as Pearson executes on this new strategic vision," it said.

"The board is also mindful of its fiduciary duties in the event that an appropriate proposal is forthcoming."

At 1355 GMT, the shares were up 20.4% at 781.80p, having risen to as high as 834p earlier.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Pearson Market Data

Currency UK Pounds
Share Price 1,042.00p
Change Today 7.00p
% Change 0.68 %
52 Week High 1,046.50
52 Week Low 754.00
Volume 1,246,901
Shares Issued 683.00m
Market Cap £7,117m
RiskGrade 238

Pearson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.67% below the market average91.67% below the market average91.67% below the market average91.67% below the market average91.67% below the market average
86.36% below the sector average86.36% below the sector average86.36% below the sector average86.36% below the sector average86.36% below the sector average
Price Trend
84.11% above the market average84.11% above the market average84.11% above the market average84.11% above the market average84.11% above the market average
78.72% above the sector average78.72% above the sector average78.72% above the sector average78.72% above the sector average78.72% above the sector average
Income
61.92% below the market average61.92% below the market average61.92% below the market average61.92% below the market average61.92% below the market average
68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average
Growth
4.32% below the market average4.32% below the market average4.32% below the market average4.32% below the market average4.32% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average

What The Brokers Say

Strong Buy 3
Buy 5
Neutral 4
Sell 0
Strong Sell 1
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pearson Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 10-Aug-23
Paid 03-May-24 18-Sep-23
Amount 15.70p 7.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 732,647 @ 1,042.00p
16:35 1,520 @ 1,042.00p
16:35 8,978 @ 1,042.00p
16:35 5,787 @ 1,042.00p
16:35 2,773 @ 1,042.00p

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