Pearson expected to sell some noncore businesses

Article Abstract:

Pearson PLC is planning to sell a reference unit acquired from Simon & Schuster Inc. to Hicks, Muse, Tate & Furst for $1 billion. The item for sale formed part of the educational publishing business bought from Simon. Pearson is ranked on top of the $16-billion educational publishing business because of the deal and becomes the No.2 rival for the US schools market after McGraw-Hill Cos. Pearson is pressured to sell non-core businesses such as the wax museum and newspaper because of the recent acquisition. The British media group is also being tasked to hasten its restructuring program.

Comment:

Is planning to acquire a reference unit from Pearson PLC

Asset sales & divestitures, Periodical Publishers, Educational Journals, Periodical publishing, Pearson PLC, Hicks, Muse, Tate and Furst Inc., Education journals, Article

Phillips, Conoco agree to giant energy merger

Article Abstract:

Conoco Inc. has reached a deal to merge with Phillips Petroleum Co. in a transaction that will form an entity with approximately $35 billion in market capitalization. The stock merger represents the continuing consolidation trend taking place in the energy industry.

Oil Products, Petroleum Refineries, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Petroleum products, P, Conoco Inc., COC, Phillips Petroleum Co. (Bartlesville, Oklahoma)

Conoco purchase may start spree of energy deals

Article Abstract:

ConocoPhillips of the United States is to acquire Burlington Resources Inc. also of the United States for $35.6 billion. Analysts are predicting a wave of similar deals as energy companies consolidate and buy smaller natural gas producers.

Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Natural gas liquids, Oil & Gas Extraction, Oil and Gas Extraction, Industry Overview, Company acquisition/merger, Gas industry, Burlington Resources Inc., BR, ConocoPhillips