McGraw-Hill Companies Inc MHP announced its plans to separate into two public companies.
McGraw-Hill will split into McGraw-Hill Markets and McGraw-Hill Education.
For 2011, revenue is projected at $4 billion for McGraw-Hill Markets and $2.4 billion for McGraw-Hill Education. The company now plans to repurchase $1 billion of its stock this year.
MHP shares dropped 4.25% to close at $38.72 on Friday.
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