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Pearson rejects Apollo’s $8.5bn takeover bid: Reuters

UK education publisher Pearson has rejected a $8.5 billion takeover offer from Apollo, reported Reuters.

UK education publisher Pearson has rejected a $8.5 billion takeover offer from Apollo, reported Reuters. The newswire noted that the reason cited by Pearson for the rejection was that it “undervalued” the firm.

Source: Reuters