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This article reports that the Thomson Corp. finally followed through on its plans to divest itself of its Learning Division. Funds advised by Apax Partners and OMERS Capital Partners will acquire the assets of Thomson Learning, including Wadsworth, Delmar Learning, Gale, Heinle, Brooks/Cole and South-Western. Nelson Canada will be majority owned by OMERS. The total value of the deal was $7.75 billion, which is a premium price over the reported $5 billion Thomson originally expected. Ronald G. Dunn will become chief executive officer (CEO) of the new company and David Shaffer will become executive chairman. |