Pearson, the educational publisher and owner of the FT, has been rebuffed after sounding out investors last week about a possible £270m capital-raising. The company asked some top shareholders to support a placing of new shares equivalent to 5% of the group, to finance unnamed acquisition opportunities. But key investors wanted more detail about specific plans and Pearson did not proceed. Pearson earlier announced the $145m acquisition of Wall Street English, which provides English language training to adults in China.

This entry was posted by Gwen Robinson on Tuesday, April 21st, 2009 at 4:57 and is filed under Capital markets, M&A. Tagged with pearson, Wall Street English. Edit this entry.