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divine Announces Sale of RoweCom`s Operations in France, the United Kingdom And Spain to EBSCO Industries Jump to first matched term CHICAGO, Feb. 6 /PRNewswire-FirstCall/ -- divine, inc. (Nasdaq: DVIN), a leading provider of solutions for the extended enterprise, announced today that EBSCO Industries, Inc. has signed the formal purchase agreements to proceed with the acquisition of its RoweCom, Inc. subsidiary`s subscription management businesses in France, the United Kingdom and Spain, subject to regulatory approval in France. The sale follows divine`s announcement on January 27, 2003 that it had reached an agreement with EBSCO for the sale of RoweCom`s worldwide operations. The acquisition of the individual country operations of RoweCom will occur separately and the acquisition for the North American and other components of the RoweCom operations are proceeding as expected. Upon approval of the French anti-trust authorities, EBSCO Industries will facilitate payment to RoweCom`s European publishers to ensure RoweCom`s European customers will receive all 2003 subscriptions, including any that may have been interrupted during the acquisition process. RoweCom`s European operation accounted for approximately half the total business of RoweCom worldwide. "The timely sale of RoweCom`s operations in France, Spain and the UK represents significant progress in achieving a global resolution to all of the issues surrounding the RoweCom situation," stated divine Chairman and Chief Executive Officer Andrew "Flip" Filipowski. About divine, inc. |
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| aus der Diskussion: | Divine ! Die Aktie der Zukunft. |
| Autor (Datum des Eintrages): | E-L-Schu (17.02.03 16:43:10) |
| Beitrag: | 71 von 74 (ID:8636472) |
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