UK's OFT invites comment on Pearson's buy of Harcourt Education |
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Published
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Thu, 21 Jun 2007 12:51
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LONDON (Thomson Financial) - The UK's Office of Fair Trading (OFT) today invited comments on the completed acquisition by Pearson PLC of Harcourt Education Ltd from Reed Elsevier PLC.The OFT said it may consider whether the acquisition will result in substantial lessening of competition that would require an investigation by the Competition Commission.Last month Pearson acquired Harcourt Education for 950 mln usd (477 mln stg) in cash.TFN.newsdesk@thomson.comkal/amCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Pearson buys Reed's education, assessment businesses for 950 mln usd UPDATE 