In 1984 Cosmair, L'Oréal's American division, purchased Warner Cosmetics for $146 million.
The Margin Trading division purchases and trades securities using money borrowed from another securities broker.
McGraw-Hill is not the first publishing company to have its education division purchased by a private-equity firm.
Medtronic's Kyphon division, purchased for $3.9 billion in 2007, makes equipment for a procedure called kyphoplasty in which a balloon device is used to relieve pain from spinal fractures from severe osteoporosis.
Other Follett divisions purchase and sell textbooks, and publish and distribute educational software.
Re: Hillary Clinton book Our Simon & Schuster division's purchase of Hillary Clinton's memoir for $8 million, while generating some contentious publicity vis-a-vis the so-called "ethical" question, presents us with excellent opportunities for synergy with other Viacom units.
BBDO New York continues to be the primary Pepsi-Cola North America agency of record, said Dave DeCecco, a spokesman at the division in Purchase, N.Y., handling brands like Pepsi-Cola and Mountain Dew.
The new old theme "stems from the notion baby boomers are reinventing themselves and looking for the emotional feeling of being young again," said Dave DeCecco, a spokesman for the Pepsi-Cola North America division in Purchase, N.Y.
For Bosch, the deal "will allow us to considerably expand our market presence in the diagnostics business, particularly in North America," said Robert Hanser, president of Bosch's automotive aftermarket division The purchase price represents 12.7 times the business's earnings before interest, taxes, depreciation and amortization.
This year PepsiCo's Frito-Lay division in Purchase, N.Y., deployed 21 all-electric trucks and plans to roll out an additional 150 in 2011.
