DealZone

M & A wrap: Negotiating the split

September 13, 2011

McGraw-Hill is planning to split itself into two public companies with one focusing on its credit rating business and the other on textbooks and educational products. Which company will be the better investment?

“Under pressure from investors to fix the ailing McGraw-Hill Cos., Chief Executive Officer Harold “Terry” McGraw III disregarded his family’s legacy when deciding to break up the business founded in 1888,” reports Bloomberg in a profile of the CEO.

Hewlett-Packard has extended the deadline for its $11.2 billion takeover of British software company Autonomy, with analysts predicting the U.S. firm is on course to succeed.

“Now that Yahoo has fired its chief executive, anything could happen to the rudderless Internet hodgepodge. Private equity firms, one of Yahoo’s founders and even AOL are said to be mulling bids. But consider a more radical option: a takeover by the rival most responsible for Yahoo’s fall from grace — Facebook,” writes Breakingviews columnist Rob Cox.

 

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