Reed: RBI Sale ‘Cannot Be Certain’
Anglo-Dutch science and business publisher Reed Elsevier (NYSE: RUK) confirmed what we already knew: that it is struggling to sell its Farmers Weekly publisher Reed Business Information: “The process of divestment ... is at an advanced stage, although, in the present economic and credit environment, a satisfactory outcome cannot be certain. As part of the process, a consortium of financing banks are in discussions with a small number of prospective buyers to provide financing. Reed Elsevier has indicated a willingness to provide financing support for any successful bid.” More details on PCUK.
Nov 13, 2008 7:27 AM ET
Posted In: Money, Earnings, Countries, Europe, reed business information, reed elsevier
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