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McGraw-Hill Could be Worth 40% More if Split: Report

Shares of McGraw-Hill (MHP) climbed more than 6% Thursday morning after Bloomberg said the company could be worth 40% more if it were to split into pieces.

The report, which cited research by J.P. Morgan (JPM), showed the owner of Standard & Poors could get as much as $5 billion extra for shareholders just by separating certain businesses.

Shares of the company, whose S&P business has been the target of much criticism over the last several weeks after an unprecedented downgrade of the U.S. economy, are still down 7% for the month.

Standard & Poors said it will replace current its current president Deven Sharma with Citibank (C) chief operating officer Douglas Peterson when he resigns at the end of the year.

Follow Jennifer Booton on Twitter at @Jbooton