Bloomsbury Publishing on the rise after Red Globe Press acquisition
A look at Friday s major share movers on the London Stock Exchange
Bloomsbury Publishing PLC (LON:BMY) gained 7% to 299.65p after snapping up certain assets of Red Globe Press (RGP), the academic imprint, from Macmillan Education Ltd for £3.7mln.
The Harry Potter publisher said £2.1mln will be satisfied in cash at completion and up to £1.6mln will be paid on or post-completion, subject to the assignment of certain contracts.
RGP specialises in high-quality publishing for Higher Education students globally in Humanities and Social Sciences, Business and Management, and Study Skills. It has a backlist of more than 7,000 titles and publishes more than 100 new titles per year, with content including digital platforms, textbooks, research-driven materials and general academic publishing.
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