Acquisitions heat up, Pearson looks to sell FTE.The expected sale of the Financial Times Energy (FTE FTE Full-Time Equivalent FTE Full-Time Employee FTE Full-Time Equivalency FTE Full Time Employment FTE Foundation for Teaching Economics FTE Full Time Enrollment FTE For the Enterprise (SQL) FTE Fund for Theological Education ) group with its newsletters, information services See Information Systems. and databases for a price that will probably exceed $125 million heads the acquisition parade during the last quarter of this year. Other large and small newsletter and information properties are being acquired (see articles at left and on pp. 3, 4 and 5), but the biggest deal is expected to be the sale of FTE, which has annual revenues of about $50 million. The London-based international media giant Pearson PLC has decided to pull the plug on its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , FTE, which includes nearly 30 highly regarded, energy-related newsletters published out of London and Arlington, Virginia. The Jordon, Edmiston Group of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of is the broker for FTE, and there is some speculation that another international media company may have the inside track in the bidding war to take over FTE. Among the companies likely to have an interest in FTE are: * Euromoney, publisher of EuroMoney Magazine * McGraw-Hill, which publishes Platt's Oilgram * Wolters Kluwer Wolters Kluwer N.V. (Euronext: WKL) is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. , owner of Aspen Publishing * United Communications Group (ucg) * Reuters, the news and information service which just a year ago signed a co-publishing deal with Pearson Education Pearson Education is an international publisher of textbooks and other educational material, such as multimedia learning tools. Pearson Education is part of Pearson PLC. It is headquartered in Upper Saddle River, New Jersey. * The equity affiliate of Veronis Suhler & Associates, which recently purchased the Hart Energy Group and also publishes Chemical Week. * Information Handling Services, a publisher of information databases, headquartered in Englewood, Colorado. Meanwhile, it was learned that the sale of Phillips Business Information, the b-to-b division of Phillips International Inc., which was announced last month, has been completed. The newsletters and information products of PBI PBI protein-bound iodine. PBI abbr. protein-bound iodine PBI, n See iodine, protein-bound. PBI protein-bound iodine. , which had annual revenues of $110 million, were split up and sold to two private equity affiliates of Veronis Suhler & Associates, of New York. FTE, 1600 Wilson Blvd., Arlington, VA 22209, 703-528-1244, fax 703-528-1253, www.ftenergyusa.com. |
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