Reed Elsevier to place shares to raise funds
Submitted by Sundeep Matharu on Thu, 07/30/2009 - 22:34
Anglo-Dutch publishing group Reed Elsevier PLC announced a share placing to raise money to repay some of its debt.
Educational publisher, based in London and Amsterdam, posted a drop of 48 percent in profit for the first half of the year, making shares to dip about 15 percent to $6.68.
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