McGraw-Hill, Cengage Plan – All-Stock Merger



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McGraw-Hill and Cengage plan to merge into an agreement that would create the second-largest provider of school textbooks and other higher education materials in the country.

Closed-end companies, formally known as McGraw-Hill Education Inc. and Cengage Learning Holdings II Inc., are co-signing all deals as a rare merger of equals, which would put them in a position to compete better as growth digital books and travel materials press their businesses.

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