Deals
Reed Elsevier CEO Engstrom Says Breakup Is Not on Board Agenda
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Reed Elsevier Plc’s chief executive officer said that the owner of the LexisNexis database doesn’t plan to break up its business, after analysts said such a move would increase value.
“I spent a lot of time in the past two months meeting with shareholders” and a breakup “is not something they are asking for or pushing for,” Erik Engstrom said in an interview today. “This is not on the agenda.”