The merger is not going to happen. The DOJ wants McGraw to divest a number of key assets which it will not do. They are waiting, as long as possible, to let Cengage self annihilate and become a fire sale of assets. McGraw just went through extensive lay-offs to make it even leaner. They are not a future oriented business at this time and are sticking to textbook fundamentals. While they may not have a long future unless they change their business model, they will win this short term battle and Cengage will cease to exist.
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Either you are deluded or intentionally misleading people.
This same message was on the McGraw Hill layoff site as well. Hmmmmm
At this point who cares?
They are already leaking to the press that the merger is close to approval. Everything seems to be on track for it to close in February/March. Then the real cuts and office closures are going to start. If 2019 was a bumpy ride, then 2020 will be like a jumbo jet crashing into the side of a mountain.
Seems unlikely to me that the DOJ would say which company has to divest the overlapping parts. And it’s almost certain both Cengage and McGraw would be fully aware of which parts overlap early on and have considered the ramifications before they decided to merge.
@12W7wymZ-ryl Correct. Plenty of CEO's have fought mergers and failed.
Its not management's decision, it's up to their shareholders