Earnings: Reed Stands Up To Economy, But RBI Sale 'Cannot Be Certain'

This story was written by Robert Andrews.
Managing to dodge the economy's bullets in its remaining businesses, Anglo-Dutch science and business publisher Reed Elsevier (NYSE: RUK) told us what we already knew about the struggling efforts 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.

By Robert Andrews