Pearson Likely To Be Bought

Media group Pearson is at the centre of speculation today that it is about to be taken over. Though Pearson recorded disappointing financial results last week, the sale of Westminster Press boosted shares by 19p to 630p *(Newsline 05/08/96). Another reason for the interest in Pearson is a report by CL-Laing which views Pearson as an attractive acquisition.

Interested parties are believed to be Reuters and Granada. Initially today Pearson shares rose by 12p to 680p and then later stood at 676p.

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