WASHINGTON (dpa-AFX) - The McGraw-Hill Companies (MHP) Friday said it has completed the sale of its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC (APO) for an all-cash offer of $2.4 billion.
The company is looking forward to change its name to McGraw Hill Financial, subject to shareholder approval, in the second quarter of this year.
The company also said it has forecast full-year 2013 adjusted earnings in the range of $3.10 to $3.20 per share, with revenues in a high single-digit growth.
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