November 26, 2012 at 10:10 AM EST
UPDATE: McGraw-Hill to Sell Education Unit to Apollo for $2.5B
The McGraw-Hill Companies (NYSE: MHP) today announced it has signed a definitive agreement to sell its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC (NYSE: APO ) (collectively with its subsidiaries, "Apollo"), for a purchase price of $2.5 billion, subject to certain closing adjustments. As part of this transaction, McGraw-Hill will receive
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