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Reed: RBI Sale ‘Cannot Be Certain’

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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.