Apollo Global (APO) closes the purchase of McGraw-Hill's (MHP) education business for $2.4B in...

|About: Apollo Global Management... (APO)|By:, SA News Editor

Apollo Global (APO) closes the purchase of McGraw-Hill's (MHP) education business for $2.4B in cash, leaving MHP with  "a high-growth, high-margin business serving the global capital and commodity markets" (and also with DOJ-target S&P). McGraw-Hill will use the proceeds to pay off debt taken on to fund last year's special dividend, resume share buybacks, and acquisitions. (PR)