A source in the UK made us aware of an article in the UK Sunday Times saying something to this effect – we can’t validate that as we don’t have a sub to ST online..
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But we did just see this on website This Is Money in the last half an hour ( 2.30pm Monday 3 Oct Hong Kong Time)
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Sunday Times
Reed Elsevier maintains a low profile and last week announced the ?343 acquisition of Accuity last week. The firm?s shares have declined 9% since the start of the year and is resisting pressure for a break-up and streamlining.
RBS puts Reeds shares at a 30% discount to break-up value -? trading on 10 times next year?s forecast earnings. Reed could spin out it Lexis Nexis arm or even split off Elsevier, both could boost its stock.
Shares in Inmarsat tumbled almost a fifth in August after warning merchant ships were moving to new cheaper terminals swiftly, since then they have bounced on takeover hopes. But buyout firms are struggling to raise finance and so EADS could be a more likely buyer, with ?9bn to spend. A bid would boost the Inmarsat.
