McGraw-Hill and Cengage Will Merge in an All-Stock Deal
Company will retain McGraw-Hill name and be led by Cengage CEO Michael Hansen.
Last week, two educational publishing powerhouses – McGraw-Hill and Cengage – announced they would merge in an all-stock deal on equal terms. The deal will combine the strengths of both publishers to form a new global learning company, benefiting students, educators and related professionals. The boards of both companies have unanimously approved the deal. According to Publishers Weekly, the deal is expected to close by early 2020. It will retain the McGraw-Hill name and be led by Michael Hansen, the CEO of Cengage.
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