Personanondata: Reed Elsevier Bid Speculation

Monday, September 17, 2007

Reed Elsevier Bid Speculation

There has been some movement in the share price of Reed Elsevier over the past several days due to renewed speculation the company would make a revived bid for Wolters Kluwer. On Friday the stock was up 6 1/2p to 608 and this morning the stock is up further. Today (Monday) citibank raised their recommendation from hold to buy referencing Reed's market position in legal, medical and the european market.

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Michael Cairns

Michael Cairns is currently Head of Partner and Channel Development for the publishing unit of the American Psychological Association which is a $100million scholarly, academic and educational publisher. In this role, he is responsible for all sales and marketing activities supporting the revenue base and working with current and new partners to expand APA's publishing program and mission. Michael Cairns has served as President, CEO and CRO of several brand name publishing, technology and content-centric businesses. His career includes a wide range of publishing and information products, services and B2B categories and his operating and consulting experience has largely been with brand-name companies such as PriceWaterhouseCoopers, Macmillan, Inc., Berlitz International, AARP, R.R. Bowker and Wolters Kluwer. Mr. Cairns has also served on boards including the Association of American Publishers (AAP), the Book Industry Study Group (BISG) and also served as Chairman of the International ISBN Executive Committee.