Mon, 17/09/2007 - 07:29
Reed Elsevier was one of only a few gainers in the CIty on Friday, reports the FT, after Merrill Lynch argued, in a note to clients, that there was "compelling logic" for a tie-up between Reed and Dutch publishing group Wolters Kluwer, a deal first proposed 10 years ago.
Paul Sullivan, analyst at Merrill, said that, in arapidly...
Thu, 30/08/2007 - 08:31
Informa, parent of Taylor & Francis, made £33.4m from the sale of Blackwell Publishing to John Wiley. The figure is revealed in Informa's interim results, which showed that the business improved its adjusted profit by 14% to £95.6m despite flat sales of £532.5m.
Informa is understood to have built up a small...
Tue, 21/08/2007 - 08:39
Taylor & Francis Group has acquired two US publishers, Productivity Press and Haworth Press, for undisclosed sums.
The deal for Productivity was finalised last week and the Haworth acquisition is expected to go through in about a month pending regulatory approval.
Roger Horton, T&F c.e.o., said: "These are both bolt-...
Tue, 07/08/2007 - 08:18
The Telegraph's investment column is lukewarm about Reed Elsevier following the sale of its education business. "Some in the market have speculated that Reed could itself be involved in a transformative deal, either through the disposal of its business publishing arm, or, failing that, increased leverage to fund a share buyback. But it...
Thu, 26/07/2007 - 08:56
Reed Elsevier saw growth stutter in the first half of the year reporting sales growth of just 1% from its continuing operations. Nevertheless the group's chief executive, Sir Crispin Davis, said it was "seeing good momentum across our businesses, particularly with the growing impact of our online solutions strategy".
Wed, 25/07/2007 - 13:36
Tom Tivnan writes:
Barry O'Callaghan, Houghton Mifflin Riverdeep chairman and c.e.o., has splashed out once again, acquiring Reed Elsevier’s Harcourt US schools business. This is just ten months after engineering a $ 3.9bn reverse takeover of Houghton Mifflin, that Scott Sperling,...
Mon, 23/07/2007 - 07:48
Jeremy Dickens, president of HM Riverdeep, the Irish-based company that owns Houghton Mifflin and last week agreed a deal to buy Harcourt Education, has told the Sunday Business Post that the combined business will have to shoulder an interest bill of "more than $400 million a year". However, he said the company was positioned to meet...
Wed, 30/05/2007 - 08:54
Takeover hopes put Reed Elsevier in the spotlight after Deutsche Bank called it the publishing sector’s "most obvious buyout target", reports the Times.
Deutsche said that a recent private equity takeover of Thomson Learning, its American peer, rewrote the rules on publishing leveraged buyouts (LBO), which previously had...
Thu, 17/05/2007 - 15:45
A first wave of redundancies has hit Wiley-Blackwell as the newly merged American and UK-based publishing groups integrate their teams. Up to 50 jobs in the worldwide business are believed to have gone.
Susan Spilka, Wiley's corporate communications director, declined to confirm the number of job losses, but said: "We are...
Wed, 18/04/2007 - 08:54