According to the Financial Times (FT) Jana Partners have published details of its proposals for the company in a regulatory filing on August 22nd, after presenting its ideas to McGraw-Hill’s management. Jana argues that a four-way split would improve the allocation of capital and result in more focused management at the individual businesses.
McGraw-Hill has brought Goldman Sachs on board to advise on potential options. It had said earlier that everything was under review and a number of significant actions can be expected in the second half of this year.
Source: Financial Times
BIIA had reported Jana’s first announcement on August 6th in its post: http://www.biia.com/10115.