Deal

Financial Mirror (Cyprus) - - FRONT PAGE -

S&P Dow Jones In­dices joint ven­ture, said will fund its ac­qui­si­tion of SNL with ap­prox­i­mately $525 mln in cash and $1.7 bln in new debt. The com­pany ex­pects the trans­ac­tion to close in the cur­rent quar­ter and to be ac­cre­tive to 2016 ad­justed di­luted earn­ings per share.

McGraw Hill’s stock traded down about 6% in the mid-morn­ing on Mon­day at $99.33 in a 52-week range of $73.96 to $109.13. The stock closed at $105.58 on Fri­day and has a con­sen­sus price tar­get of $117.25.

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