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McGraw-Hill Companies Announces Comprehensive Growth and Value Plan to Increase Shareholder Value

The comprehensive growth and value plan entails three key elements:

  • Spin-off of Education creating two industry-leading public companies, one focused on Key Global Markets (with financial services as a core element) and the other on Education
  • Streamline operations and reduce cost
  • Acceleration of share repurchasing to US$ 1 billion

The announced plan is a response to Jana Partners proposal to split McGraw-Hill into four publicly traded companies.  The disposal of the education business marks the most dramatic move for McGraw-Hill to achieve greater shareholder value and to accelerate growth of the disparate businesses.

Source:  McGraw-Hill Press Release

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