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McGraw-Hill 'explores education sale'
01.02.12 | Bookseller Staff
McGraw-Hill is exploring a possible sale of its $2.5bn-plus education business, according to a Financial Times report.
Expressions of interest are said to be "at an early stage". The US group declined to comment.
A spin-off of the education division has also been mooted, attracting reported interest from private equity groups. “My sense is [McGraw-Hill] is open to all possibilities,” Peter Appert, a Piper Jaffray analyst, told the FT. “They’re clearly working towards a spin, but if someone came to them with an offer that was appealing . . . and if the tax implications worked, I think they’d be open-minded about it.”