Your Favorite Publisher Gets Divorced

McGraw-Hill Companies, which operates in four distinct segments, a credit rating service, an investment research area, a corporate information segment, and McGraw-Hill Education (MHE), announced that it planned to spin-off MHE into a separate company that would trade on the NYSE. Shareholders in McGraw-Hill would receive one share of the new company for every three shares of stock held in the parent company. Although an exact date was not given for the spin-off, the company said it would be completed before the end of the year. http://online.wsj.com/article/SB10001424052702303919504577520900455139404.html?mod=WSJ_hp_LEFTWhatsNewsCollection