Tuesday, March 14, 2006
M&A: Reed Elsevier Weighs In
Not to be left out of the Euro media M&A boomlet, Reed Elsevier plans to make some decent acquisitions this year, according to BtoB Media Business.
Grabs:
"Our acquisitions have ranged broadly from the $50 million to $500 million sort of range," [Reed Elsevier CEO Clive] Davis said during the conference call. "I would anticipate that being the scale of acquisitions going forward." He said the priority acquisition targets would be in the legal, health care and b-to-b online markets but said no major deals were on the horizon.
but
One media-investment banker, who asked not to be identified, said there's been speculation in M&A circles that Reed may want to unload Reed Business Information. The unit recently put its 23-title New Products Division and portfolio of North American industrial and manufacturing events on the block. "But his recent comments make that less likely," the banker said.
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Grabs:
"Our acquisitions have ranged broadly from the $50 million to $500 million sort of range," [Reed Elsevier CEO Clive] Davis said during the conference call. "I would anticipate that being the scale of acquisitions going forward." He said the priority acquisition targets would be in the legal, health care and b-to-b online markets but said no major deals were on the horizon.
but
One media-investment banker, who asked not to be identified, said there's been speculation in M&A circles that Reed may want to unload Reed Business Information. The unit recently put its 23-title New Products Division and portfolio of North American industrial and manufacturing events on the block. "But his recent comments make that less likely," the banker said.
