Scholastic Corp.

Scholastic Corp. (New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) has agreed to acquire Grolier Gro´lier`

n. 1. The name by which

Jean Grolier de Servier erson> (1479-1565), a French bibliophile, is commonly known; - used in naming a certain style of binding, a design, etc. , Inc. (Danbury Danbury (dăn`bĕr'ē, –bərē), city (1990 pop. 65,585), Fairfield co., SW Conn.; settled 1685, inc. as a city 1889. , CT) from Lagardere, a French aerospace and media company, for $400 million in cash. Grolier publishes children's books and operates direct-to-home book clubs for children age five and under. Grolier had revenues of $450 million and net income of $45 million in 1999.

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Publication:	Business Publisher
Geographic Code:	1USA
Date:	Apr 17, 2000
Words:	54
Previous Article:	F.D. Goss & Associates.
Next Article:	The Track Corp.
Topics:	Book publishing Mergers, acquisitions and divestments Publishing industry

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