Business News

McGraw-Hill Ryerson Plan of Arrangement Completed

Monday 23. June 2014 - McGraw-Hill Ryerson Limited ("McGraw-Hill Ryerson") (TSX:MHR) and McGraw-Hill Global Education Holdings, LLC ("McGraw-Hill Education") today announced the completion of the previously announced transaction pursuant to which McGraw-Hill Education has acquired indirectly all of the outstanding common shares of McGraw-Hill Ryerson by way of a plan of arrangement under section 182 of the Business Corporations Act (Ontario) (the "Arrangement"). McGraw-Hill Ryerson's shareholders will receive $50.00 per common share in cash.

The Arrangement was conducted pursuant to an arrangement agreement dated April 16, 2014. Following completion of the Arrangement, McGraw-Hill Education now owns and controls all of the outstanding common shares of McGraw-Hill Ryerson.
The Ontario Superior Court of Justice (Commercial List) issued a final order approving the Arrangement on June 16, 2014. Further information about the Arrangement was provided in a management information circular, which was sent to all of McGraw-Hill Ryerson’s shareholders.
McGraw-Hill Ryerson will apply to cease to be listed for trading on the Toronto Stock Exchange and expects to be delisted following the close of trading on June 18, 2014. McGraw-Hill Ryerson will also apply to cease to be a reporting issuer soon thereafter.