Apollo Confirms It Does Not Intend To Make Offer For Pearson

Reuters2022-03-30

March 30 (Reuters) - Apollo Global Management, Inc:

* APOLLO MGMT. IX L.P. PEARSON PLC - STATEMENT RE PEARSON PLC

* APOLLO CONFIRMS THAT IT DOES NOT INTEND TO MAKE AN OFFER FOR PEARSON. THIS IS A STATEMENT TO WHICH RULE 2.8 OF CODE APPLIES.

* APOLLO: CONFIRMS THAT IT DOES NOT INTEND TO MAKE AN OFFER FOR PEARSON

* APOLLO - UNABLE TO REACH AGREEMENT WITH BOARD OF PEARSON AS TO TERMS OF AN OFFER

Pearson shares tumbled more than 10% in premarket trading.

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