You are viewing your 1 free article this month. Login to read more articles.
Pearson has been rebuffed after sounding out investors last week about raising £270m in cash for acquisitions, reports the FT.
The company asked some of its largest shareholders whether they would support a placing of new shares equivalent to 5% of the group, telling them it wanted to use the money for unnamed acquisition opportunities.
However, leading investors said they were reluctant to back any placing without more detail about specific plans, and Pearson did not proceed.