Pearson up 21% in London after Apollo says mulling possible cash offer for group

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Apollo Global Management Inc. APO, -1.93% confirmed Friday that it is in the early stages of evaluating a cash offer for Pearson Plc PSON, +19.67% PSO, -0.57%. The FTSE 100 education company’s shares were up about 21% on the news. Apollo said there was no guarantee that any offer will be made or on which terms. The company is required to announce a firm intention within 28 days or announce that it does not plan an offer.

This article was originally published by Marketwatch.com. Read the original article here.

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