Bloomsbury Publishing Plc (LSE:BMY) acquired Business of The Rowman & Littlefield Publishing Group, Inc. from The Rowman & Littlefield Publishing Group, Inc. for $83 million on May 29, 2024. The consideration is $83 million of which $76 million has been satisfied in cash on completion and up to $7 million in escrow, will be satisfied in cash post completion. Bloomsbury has financed this acquisition from its own cash resources and a new $38m (£30m) three year term loan with Lloyds Bank Plc. For the year ended December 31, 2023, Rowman & Littlefield'sacademic publishing business generated revenue of $36 million and profit before tax of approximately $6 million, with gross assets of approximately $6 million. The Transaction constitutes a class 2 transaction for the purposes of the UK Financial Authority's Listing Rules and, as such, does not require approval by the Company's shareholders.

Bloomsbury Publishing Plc (LSE:BMY) completed the acquisition of Business of The Rowman & Littlefield Publishing Group, Inc. from The Rowman & Littlefield Publishing Group, Inc. on May 29, 2024.