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As Of Filer Filing For·On·As Docs:Size 1/05/21 John Wiley & Sons, Inc. 8-K:7,9 1/05/21 12:216K |
Document/Exhibit Description Pages Size 1: 8-K Hindawi Limited 8K HTML 32K 2: EX-99.1 Hindawi Press Release HTML 13K 8: R1 Document and Entity Information HTML 50K 10: XML IDEA XML File -- Filing Summary XML 12K 7: XML XBRL Instance -- hindawi_8k_htm XML 19K 9: EXCEL IDEA Workbook of Financial Reports XLSX 6K 4: EX-101.DEF XBRL Definitions -- jwa-20210105_def XML 50K 5: EX-101.LAB XBRL Labels -- jwa-20210105_lab XML 75K 6: EX-101.PRE XBRL Presentations -- jwa-20210105_pre XML 54K 3: EX-101.SCH XBRL Schema -- jwa-20210105 XSD 15K 11: JSON XBRL Instance as JSON Data -- MetaLinks 15± 22K 12: ZIP XBRL Zipped Folder -- 0000107140-21-000003-xbrl Zip 15K
i 13-5593032
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Commission File Number
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IRS Employer Identification Number
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i 111 River Street, i Hoboken i New
Jersey
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i 07030
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Address of principal executive offices
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Zip Code
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Registrant’s telephone number, including area code:
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( i 201) i 748-6000
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Title of each class
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Trading Symbol
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Name of each exchange on which registered
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i Class A Common Stock, par value $1.00 per share
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i JW.A
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i New York Stock Exchange
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i Class B Common Stock, par value $1.00 per share
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i JW.B
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i New York Stock Exchange
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Purchase price: Wiley
has acquired open access publisher, Hindawi Limited, for $298 million in cash.
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Revenue: Hindawi
was projected to generate revenue of approximately $40 million in its fiscal year ending December 31, 2020, with year-over-year growth of about 50%.
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Revenue synergies: Wiley
anticipates achieving significant revenue synergies from the expansion of its open access journal portfolio and its beneficial impact on article cascade, added publishing capacity, and upsell opportunities for publishing and platform
services.
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Profitability: Hindawi’s
EBITDA margin was projected to be about 45% in its fiscal year ending December 31, 2020.
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Cash Flow and EPS
accretion: Hindawi is expected to be accretive to free cash flow immediately and accretive to adjusted EPS in Wiley’s fiscal year 2023.
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Balance Sheet: Acquisition
was funded with a combination of cash on hand and borrowings from Wiley’s existing revolving credit facility. Wiley’s strong balance sheet and cash flow will continue to support future growth initiatives and attractive returns of capital
to shareholders.
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Resumption of share
repurchase program: Wiley will resume its share repurchase program. Repurchases had been suspended in March 2020 due to COVID-related market
disruption and economic uncertainty.
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JOHN WILEY & SONS, INC.
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Registrant
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By
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/s/ Brian A. Napack
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President and Chief Executive Officer
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By
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Executive Vice President and Chief Financial Officer
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Dated: January 5, 2021
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This ‘8-K’ Filing | Date | Other Filings | ||
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Filed on / For Period end: | 1/5/21 | 4 | ||
12/31/20 | ||||
List all Filings |