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Monday, July 21, 2014

BRIEF-Reed sells majority stake in Reed Construction Data to Warburg Pincus, (NYSE: RUK)

Reed Elsevier Plc * Reed Business Information (RBI) today announced sale of a 51 percent stake in Reed Construction Data (RCD) to Warburg Pincus* Rsmeans will separate from RCD and fully merge with Gordian group* Reed business information today announced sale of 100 percent of Rsmeans to Gordian Group, a portfolio company of Warburg Pincus Source text for Eikon: Further company coverage:

Reed Elsevier PLC is a provider of professional information solutions. Shares of RUK traded higher by 0.44% or $0.28/share to $64.05. In the past year, the shares have traded as low as $48.87 and as high as $65.51. On average, 21338 shares of RUK exchange hands on a given day and today's volume is recorded at 6638.