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McGraw-Hill Companies Inc. (MHFI)

  • Sep. 23, 2014, 2:31 AM
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  • Sep. 10, 2014, 5:16 AM
    • Standard & Poor's (NYSE:MHFI) and Markit (NASDAQ:MRKT) have been narrowed down as the final bidders for Barclays' (NYSE:BCS) index business, which could go for more than $1B. Sources tell Reuters that a winner can be announced within weeks.
    • Barclays launched the auction of its Index, Portfolio and Risk Solutions business this summer, which contains a basket of more than 98 major indexes, including the well-known U.S. Aggregate Bond Index.
    • Previously: Bloomberg, Markit eyeing Barclays' fixed-income index unit
  • Mar. 22, 2013, 2:20 PM
    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)
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  • Nov. 26, 2012, 9:47 AM
    The textbook business maybe becoming too cutthroat, as McGraw-Hill (MHP) agrees to the sale of its education unit to Apollo Global Management (APO) for $2.5B. After closing, McGraw-Hill will be renamed McGraw-Hill Financial. Shares in MHP are currently halted. (PR)
  • Nov. 6, 2012, 6:24 PM
    Apollo Global (APO) and P-E firm Apax Partners are the frontrunners to acquire McGraw-Hill's (MHP) education publishing business, sources tell the WSJ. The firms are said to have done "serious financial diligence" on the business. McGraw-Hill will choose a preferred bidder (an auction ended on Thursday), after which it will have to hammer out a deal. (previous)
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  • Oct. 26, 2012, 8:11 AM
    Apax Partners and Apollo Global Management (APO) are the frontrunners in the race for McGraw-Hill's (MHP) Education unit, the WSJ reports, with a deadline for bids closing yesterday. McGraw-Hill could still decide to spin off the subsidiary, which previous reports said could be worth $3B, and is due to make a decision by the year-end.
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  • Oct. 10, 2012, 4:18 PM
    McGraw-Hill's (MHP) education unit is expected to draw final bids later this month from PE firms Bain Capital and Apollo Global (APO) as well as rival college textbook publisher Cengage Learning in a deal that could fetch $3B, Reuters reports. MHP wants to get more than $3B, and could still decide against a sale if the bids fail to meet its expectations.
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  • Aug. 3, 2012, 4:31 AM
    McGraw-Hill (MHP) has received bids for its education unit from Bain, Thomas H. Lee Partners, Apollo Global Management (APO) and Cengage Learning, Reuters reports. The offers could value the business, the world's second-largest education company by sales, at around $3B. McGraw-Hill said last week it was evaluating a sale as an alternative to a spin-off.
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  • Jul. 13, 2012, 4:15 PM
    P-E firm Apollo Global Management explores making a bid for McGraw-Hill's (MHP) textbook publishing unit, according to the WSJ. Estimates for a sale price range between $2.8B and $3.8B. MHP +0.5% AH.
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  • Jun. 8, 2012, 5:35 AM
    McGraw-Hill (MHP) is likely to be the only remaining suitor for Wood Mackenzie with a bid that values the oil and gas researcher at £1.1B ($1.7B), Bloomberg reports. That follows first-round offers for Wood Mackenzie, which is being sold by European PE firm Charterhouse. McGraw-Hill views Wood Mackenzie as a good fit for its own Platts ops.
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  • Apr. 3, 2012, 4:11 PM
    McGraw-Hill's (MHP) S&P Capital IQ division has acquired QuantHouse, a provider of low-latency market data, order routing services, and automated trading for financial professionals. The acquisition, whose terms aren't being disclosed, follows up on S&P's recent purchase of risk analytics firm R2 Financial Technologies, and its pending acquisition of CME's Credit Market Analysis division.
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  • Dec. 30, 2011, 12:55 PM
    McGraw-Hill (MHP -0.5%) says it's completed the sale of its former broadcasting group and its nine television stations to Scripps (SSP -0.6%) for $212M. The sale includes ABC-affiliated stations in Denver, Indianapolis, San Diego and Bakersfield, plus five stations affiliated with the Spanish-language Azteca America network in Colorado and southern California.
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  • Oct. 4, 2011, 7:10 AM
    McGraw-Hill (MHP) unloads its nine-station broadcasting group to E.W. Scripps for $212M. The company cashes in on a "non-strategic asset" as it works toward completing its split into two "pure play" companies.
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  • Sep. 30, 2011, 3:58 PM
    Lazard gives a thumbs up to a possible joint venture between McGraw-Hill (MHP) and CME Group (CME) that would combine the DJIA and the S&P 500: “Indications of a potential index JV with CME are supportive of our thesis that MHP has multiple ways to drive value with its own propeller." Investors seem less excited: MHP -3%, CME -4%.
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  • Sep. 12, 2011, 6:43 AM
    McGraw-Hill (MHP) will unleash shareholder value by splitting into two companies - McGraw-Hill Markets and McGraw-Hill Education. The move - which was floated in Aug. - will allow the "pure plays" to leverage their businesses, cut costs, and shrink share floats. (PR)
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  • Aug. 17, 2011, 11:34 AM
    McGraw-Hill (MHP +2%) is exploring a separation of its education business, which has been struggling amid state budget cuts, WSJ reports. An assessment of the education business would be part of a broader operations review McGraw-Hill reportedly began at the end of last year.
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Company Description
McGraw Hill Financial Incis a benchmarks & ratings, analytics, data and research provider serving the capital, commodities and commercial markets.
Sector: Services
Country: United States