Proposed Reed-Elsevier Acquisition of Harcourt Delayed
Here\'s Some Good News from Infotoday.com. Kim Howells, the U.K. Minister of State for Competition and Consumer Affairs, has delayed the merger, and referred the matter to the Competition Commission. They say the Commission will report by the end of May.
Howells said that the proposed acquisition raises competition concerns that “relate to the market power which the merged company would have in the market for scientific, technical, and medical (STM) journals, and which could have an adverse effect on competition in that market.”