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McGraw Hill to sell construction unit for $320M

Sep. 23, 2014 2:31 AM ETS&P Global Inc. (SPGI) StockSPGIBy: Yoel Minkoff, SA News Editor
  • McGraw Hill Financial (MHFI) is selling McGraw Hill Construction to P-E firm Symphony Technology for $320M.
  • CEO Douglas Peterson says the deal completes the company's reorganization plans to improve efficiency, after previously stating that the unit did not fit into the global reach of the rest of the portfolio.
  • The transaction is expected to close in Q4.
  • Previously: McGraw Hill Financial mulls strategic alternatives for McGraw Hill Construction

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