Business Context and Reporting Period
This Form 6-K filing by Reed Elsevier PLC and Reed Elsevier NV is dated July 14, 2004. The report serves as a joint notification of material corporate events rather than a periodic financial statement.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on strategic announcements.
Material Changes and Strategic Announcements
- Executive Appointment: Reed Elsevier has appointed Erik Engstrom as the Chief Executive Officer of its global scientific and medical publishing division, Elsevier.
- Acquisition: The company's global legal division, LexisNexis, has entered into a definitive agreement to acquire Seisint, Inc. for $775 million.
Guidance, Outlook, and Risks
The filing text does not provide specific financial guidance, outlook projections, or detailed risk factors beyond the implications of the announced acquisition and leadership change.
Key Facts for Investor Verification
- Verify the closing conditions and timeline for the $775 million acquisition of Seisint, Inc. by LexisNexis.
- Confirm the effective date of Erik Engstrom's appointment as CEO of Elsevier.
- Review subsequent filings for the financial impact of the Seisint acquisition on the company's balance sheet and earnings.