[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
Reply to: [list | sender only]
ICSTI: Bertlesmann's Science material on offer....
- To: Multiple recipients of list <epc-l@iucr.org>
- Subject: ICSTI: Bertlesmann's Science material on offer....
- From: Pete Strickland <ps@iucr.org>
- Date: Mon, 30 Dec 2002 11:38:15 GMT
---------- Forwarded Message ---------- Subject: Bertlesmann's Science material on offer.... Date: Sun, 29 Dec 2002 10:50:30 -0000 From: Barry Mahon <mahons1@EIRCOM.NET> To: ICSTI-L@DTIC.MIL This report appeared in various sources just before Christmas. Equity groups eye BertelsmannSpringer FRANKFURT - Two private equity groups, Cinven and Candover, are planning a joint bid for BertelsmannSpringer, the specialist scientific publisher owned by Bertelsmann, in a deal valuing the German firm at more than 1 billion Euro, according to media reports. Bertelsmann had said earlier this year it intended to sell the unit in an effort to reduce debt. Anglo-Dutch academic publisher Reed Elsevier has also already been mooted as a potential buyer. An official close to the equity groups said the two British buy-out firms hoped to integrate BertelsmannSpringer into Kluwer Academic Publishers, which they were currently in the process of acquiring from Wolters Kluwer of the Netherlands for E600-million. Cinven and Candover were "strategic buyers with a huge amount of capital. They did the Kluwer deal with a view to buying this asset," the official was quoted as saying. The newspapers said Merrill Lynch, which was conducting the auction, was scheduled to recommend a shortlist of bidders to Bertelsmann once initial offers had been received. BertelsmannSpringer, which controls nearly 4% of the global market for science, technology and medicine book-publishing and trade magazines, is expected to report underlying earnings of 75-80 million euros on sales of about E780-million this year. The unit comprises around 70 publishing companies in 18 countries, but Bertelsmann was seeking to sell it as a single entity, frustrating trade buyers interested only in certain parts of the business, the newspapers added. ------------------------------------------------------- -- Best wishes Peter Strickland Managing Editor IUCr Journals ---------------------------------------------------------------------- IUCr Editorial Office, 5 Abbey Square, Chester CH1 2HU, England Phone: 44 1244 342878 Fax: 44 1244 314888 Email: ps@iucr.org Ftp: ftp.iucr.org WWW: http://journals.iucr.org/ NEWSFLASH: Complete text of all IUCr journals back to 1948 now online! Visit Crystallography Journals Online for more details
Reply to: [list | sender only]
- Prev by Date: ICSTI: A summary of the situation on DMCA
- Next by Date: ICSTI: EBSCO buys RoweCom, Divine exits
- Prev by thread: ICSTI: EBSCO buys RoweCom, Divine exits
- Next by thread: ICSTI: A summary of the situation on DMCA
- Index(es):