Reed Deal Falters
Apologies for the light posting, but the real world has rather got in the way of doing this. This is looking like a perfect storm. As an example, The Telegraph reports what you already know. The sale of RBI is in trouble. The staple finance is rumoured to have unravelled a bit with at least one bank pulling out, the price is falling as trading gets worse by the day and the owners, Reed Elsevier will have to provide debt and probably leave some skin in the game to get the deal done at all.