Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Wednesday, 18th December. Please refresh for updates.
- Educational publisher Pearson (LON:PSON) said it will sell its remaining 25% stake in publishing firm Penguin Random House to Bertelsmann for 530 million pounds ($675 million). It will return 350 million pounds of the proceeds to shareholders through a share buyback programme.
- The company also announced CEO John Fallon would retire in 2020, once a successor has been appointed.
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- Gold miner Centamin (LON:CEY) said it continues to advise shareholders to take no action in respect of the possible takeover interest from Canadian peer Endeavour (TSX:EDV).
- Centamin criticised Endeavour for not providing the information it needed to conduct due diligence ahead of the proposed combination.
- Under stock exchange rules, Endeavour has until the end of the year to make a formal proposal or else end its interest. Centamin said it would review whether to seek an extension of that deadline if it receives the information it needs before then.