YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
McGraw Hill Financial Inc. agreed to buy financial news and data services provider SNL Financial for about $2.23 billion to add content on the banking and insurance industries.
In a statement released Monday, McGraw Hill said the economic impact of the acquisition of SNL Financial from owner New Mountain Capital would be partly offset by tax benefits presently valued at $550 million.
New York-based McGraw Hill sold its education business in 2012 to Apollo Global Management for $2.5 billion to focus on financial services. Subsidiaries include Standard & Poor’s Ratings Services and the S&P Dow Jones Indices.
Read more from Bloomberg Business.
A safe room and classroom addition at Willard Central Elementary School will be used by the music, arts and athletic programs for a district that had 4,536 students last year, according to Missouri Department of Elementary and Secondary Education figures, but school officials say enrollment is projected to grow.