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The Latest Breaking News from Cevian Capital AB

Pearson Shares Soar As It Ditches Apollo's Takeover Offer Second Time

U.K. education publishing group Pearson PLC (NYSE:PSO) refused Apollo Global Management Inc's (NYSE:APO) March 7 takeover proposal for 854.2 pence per share which valued Pearson at £6.5 billion, Bloomberg reports. Previously, Pearson rejected Apollo's November cash offer of 800 pence per share, valuing Pearson at £6.1 billion ($8 billion). Pearson reasoned that the offers significantly…

Benzinga · Mar 11, 2022

This French Carrier Offers To Acquire Vodafone's Italian Unit

Iliad SA, the French carrier backed by telecom billionaire Xavier Niel, offered to acquire Vodafone Group Plc's (NASDAQ:VOD) Italian unit, Bloomberg reports. The financial terms of the offer remain undisclosed. Vodafone is currently looking for merger opportunities in the U.K., Spain, Italy, and Portugal. Iliad is also looking to purchase a rival phone…

Benzinga · Feb 7, 2022

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