(Reuters) - Reed Elsevier , like its publishing conglomerate peers, is getting out of education to focus on areas such as legal and science, which are growing faster and are more profitable because they have adapted to an electronic model more quickly than have school materials.
Boston-based Houghton said it is paying $3.7 billion cash and $300 million of common stock of its privately owned Houghton Mifflin Riverdeep Group Plc parent company. Reed Elsevier will retain an 11.8 percent stake in the combined group.
Read more at Reuters.com Mergers News
Boston-based Houghton said it is paying $3.7 billion cash and $300 million of common stock of its privately owned Houghton Mifflin Riverdeep Group Plc parent company. Reed Elsevier will retain an 11.8 percent stake in the combined group.
Read more at Reuters.com Mergers News
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