In 2013 Pearson merged its Penguin Books with German conglomerate Bertelsmann. In 2015 the company introduced a change to focus solely on education. Pearson plc owns one of the GCSE inspecting boards for the UK, Edexcel. Pearson has a primary itemizing on the London Stock Exchange and is a constituent of the FTSE one hundred Index. It has a secondary listing on the New York Stock Exchange in the form of American depositary receipts.

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