BC Partners is the last remaining bidder for Springer Science+Business Media , three people familiar with the negotiations said, as the publisher's owners plan to decide by the end of this week whether to sell or float the group.According to the sources, private equity firm BC Partners has made an offer valuing the German academic publisher between 3.1-3.5 billion euros ($4.1-4.6 billion).Springer Science, which is owned by Swedish private equity firm EQT and the Government of Singapore Investment Corporation (GIC), publishes 2,200 English-language journals and more than 8,000 new book titles every year across five main fields that include science, business, and transport.Its main competitor is Anglo-Dutch publisher Reed Elsevier , whose shares trade at an enterprise value of 9.6 times expected core earnings, according to Thomson Reuters Starmine data.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.77% or $-0.26/share to $33.48. In the past year, the shares have traded as low as $26.71 and as high as $35.40. On average, 1170000 shares of TRI exchange hands on a given day and today's volume is recorded at 327591.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.73% or $-0.25/share to $34.13. In the past year, the shares have traded as low as $26.65 and as high as $36.75. On average, 1237190 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 297930.
Source
