Not just us saying it – Now the Guardian is fuelling the rumours .. will announcement come in Q.1 of 2012… the other question is….Will they find a buyer … will Bloomberg be interested?
Reed Elsevier facing calls for sell-off
Likely bidders for US legal business include Bloomberg as Reed board under pressure for bold action
http://www.guardian.co.uk/business/marketforceslive/2012/jan/12/reed-elsevier-call-for-sell-off
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Reed Elsevier is facing growing investor calls for it to make some big strategic decision, the most likely of which, say some, is a sale of the group’s US legal business. Top of the likely buyers would be Bloomberg. The stock was down a shade this morning ?slipping 1p to 516.5p by midday ? but has steadily rebuilt from recent lows recorded last summer.
The announcement in October that long-serving finance director Mark Armour is to depart by the end of 2012 was read by many investors as a signal that change was in the air. Armour had been a close ally of departed chief executive Sir Crispin Davis.
The sale of the US business LexisNexis and other operations other than the core Elsevier business could generate a ?1.4bn to ?2.3bn boost for shareholders, according to analysts at Bernstein Research.
