25 January 2008
Clearance by the US department of justice of sale of Harcourt Assessment Business to Pearson Plc
Reed Elsevier announced today that the sale of its Harcourt Assessment Business to Pearson plc, announced on 4 May 2007, has received clearance from the US Department of Justice. Completion of this transaction is expected to take place shortly and represents the final element of Reed Elsevier’s sale of its Harcourt Education division.
The sale of the Harcourt Education International businesses to Pearson completed earlier in 2007 and that of the Harcourt US Schools Education businesses to Houghton Mifflin Riverdeep Group completed in December 2007.
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For further information please contact:
Sybella Stanley Tel: +44 (0) 20 7166 5630
Patrick Kerr Tel: +44 (0) 20 7166 5646