REED ELSEVIER ACQUIRES HARCOURT GENERAL; SELLS SOME ASSETS TO THOMSON.Reed Elsevier (London) has signed a definitive agreement to make a tender offer of $59 per share of Harcourt General (Chestnut Hill Chestnut Hill may refer to: In geography:
In addition, Reed Elsevier has signed an agreement to sell Harcourt's Higher Education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. business and the Corporate and Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. businesses to Thomson Corp. (Toronto, ON) for $2.06 billion in cash. Reed retains Harcourt's Scientific, Medical and Technical (STM (Scanning Tunneling Microscope) A microscope that can image down to the atomic level. An STM uses a piezoelectric tube with a tiny sharp tip at the end that is moved within nanometers of the object being sampled. , including Harcourt Health Sciences) and Education and Testing businesses. In the year to Oct. 31, 1999, the Harcourt STM operations had revenues of $633 million and profits of $138 million. Harcaurt STM includes two major units: Academic Press (1999 revenues $158 million), a producer of 174 journals focusing on life, physical, social and computer sciences, as well as references and databases; and, Harcourt Health Sciences ($475 million), a unit that includes Mosby, Churchill Living-stone, Harcourt and W.B. Saunders. It produces 8500 clinical reference works and 250 journals and handbook series covering primary medical research, clinical practice and allied health--care. It also includes MD Consult, an online information service for physicians and healthcare professionals. Harcourt Education Harcourt Education, is a publisher serving the pre-Kindergarten to Grade 12 school, assessment and trade publishing markets in the US and primary and secondary school markets internationally. ($787 million) includes Harcourt School Publishers ($283 million), Holt, Rinehart & Winston ($175 million), Steck-Vaughn ($85 million), Harcourt Trade, and Harcourt Educational Measurement and The Psychological Corp. ($193 million). Reed Elsevier ceo Crispin Davis said the educational market "has a strong growth dynamic. The combination of Harcourt Education with Reed Educational and Professional Publishing is exceptionally well positioned to drive new print and electronic product programs and to grow faster than the market." Thomson Corp. will acquire all of Harcourt's Higher Education group, the NETglobal, Assessment Systems Inc. (ASI ASI, n See Anxiety Sensitivity Index. ), and Drake drake 1. male duck. 2. loliumtemulentum. Beam Norm businesses from Harcourt's Corporate & Professional Services group, as well as the Higher Education portion of Harcourt Publishers International. Combined the businesses have projected 2000 revenues of $750 million. Thomson Learning president Robert Christie This article relates to the early Canadian historian and politician in the Gaspé region. For other people with the same name, see Robert Christie (disambiguation). Robert Christie said the acquisition allows Thomson Learning to "immediately improve the quality and quantity of the learning solutions we provide our customers." Combined with the acquisitions of Prometric and Wave Technologies earlier this year, the deal increases Thomson Learning's annual revenues to about $1.7 billion. |
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