VNU placement of shares will fuel growth on Internet

Article Abstract:

VNU NV announced that it will raise up to 263.3 million euros in a placement of shares. The company will have a private placement of 4.5 million new shares at a price of 58.50 euros per share.

Securities issued, listed, Securities, VNU N.V.

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Consortium pulls its E1.2 billion offer for VNU division

Article Abstract:

The consortium led by Moscow-based Independent Media has withdrawn its offer of Euro1.2 billion for VNU N.V.'s consumer-magazine division. The consortium charged that the Dutch publisher would not grant the consortium exclusivity to negotiate and had already indentified a preferred buyer.

Asset sales & divestitures, Acquisitions & mergers, Russia, General & Consumer Periodicals, Mergers, acquisitions and divestments, General interest magazines, The Nielsen Co. (Haarlem, Netherlands), Independent Media Co.

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Reed Elsevier disappoints; Wolters's net rises 18%

Article Abstract:

Reed Elsevier saw its share value fall following its disappointing yearly profit figures. The company also predicted that its earnings would probably remain low for the 1999 year. Wolters Kluwer NV, a rival of Reed, posted an 18% improvement in its net profits for 1998. Reed Elsevier reported 2.54 billion guilders ($1.26 billion) in pretax profits for 1998. In 1997, the company posted 2.63 billion guilders.

Comment:

Posts 18% improvement in its net profits for 1998

United Kingdom, Sales, profits & dividends, Abstract, Periodicals, Reed Elsevier PLC, Wolters Kluwer N.V.

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