S&P's Response to the DOJ Complaint
The U.S. Dept. of Justice and some states have filed meritless civil lawsuits against S&P challenging some of its 2007 CDO ratings and the underlying RMBS models. Their allegations are simply untrue. S&P's ratings were issued in good faith.
Read S&P's response plus related articles/videos in the media
McGraw-Hill Reports 4th Quarter and Full-Year 2012 Results
Feb. 12, 2013: Link to earnings release, conference call/webcast replay, and presenters' slides
Growth and Value Plan Update
As part of its ongoing Growth and Value Plan to generate shareholder value, The McGraw-Hill Companies’ Board of Directors approved a special dividend in the amount of $2.50 per share on the Corporation’s common stock, payable on December 27, 2012 to shareholders of record on December 18, 2012. This special dividend payment supersedes the Company’s previously announced plans to repurchase up to $200 million of stock during the remainder of the year.
This special dividend is in addition to the regular quarterly dividend payment that will be paid on December 12, 2012 to shareholders of record on November 28, 2012.
Dec 6, 2012: McGraw-Hill Announces Special Dividend (Press Release)
The McGraw-Hill Companies announced on November 26, 2012 that it signed a definitive agreement to sell its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries, “Apollo”), for a purchase price of $2.5 billion, subject to certain closing adjustments.
Nov 26, 2012: McGraw-Hill to Sell Education Business to Apollo for $2.5 Billion (Press Release)
Recent presentations provide updates on the Corporation’s Growth and Value Plan:
Jan – Nov, 2012: Quarterly Earnings Calls, including Growth and Value Plan updates
Oct 23, 2012: McGraw-Hill Files Amendment No. 2 to Form 10 Registration Statement for Spinoff of McGraw-Hill Education
Sept 20, 2012: McGraw-Hill Files Amendment No. 1 to Form 10 Registration Statement for Spinoff of McGraw-Hill Education
July 11, 2012: McGraw-Hill Files Form 10 Registration Statement for Spinoff of McGraw-Hill Education
Dec 7, 2011: Growth and Value Plan Update
Sept 12, 2011: Growth and Value Plan Announcement
Investor Presentation Webcasts
See All
|
Company News
See All
|