The mega-deal by McGraw-Hill (MHP +2.1%) to sell its education business to Apollo Global...

|By:, SA News Editor

The mega-deal by McGraw-Hill (MHP +2.1%) to sell its education business to Apollo Global Management has some read-through to rival Scholastic (SCHL +2%). After the company sent a disappointing message to investors with a steep cut in FY13 guidance and with the sector looking ripe for further consolidation, Scholastic bears watching.