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Reed Elsevier PLC Buys 247,250 Own Shares to Hold in Treasury

Date : 12/05/2012 @ 11:31PM
Source : Dow Jones News
Stock : Reed Elsevier (RUK)
Quote : 59.18  0.31 (0.53%) @ 10:44PM
Reed Elsevier share price Chart

Reed Elsevier PLC Buys 247,250 Own Shares to Hold in Treasury

Reed Elsevier (LSE:REL)
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LONDON--Reed Elsevier PLC (REL.LN), a provider of publishing and professional information services, said Wednesday that it purchased through UBS Ltd 247,250 Reed Elsevier ordinary shares at a price of 650.7304 pence per share, adding that the shares will be held as treasury shares.

MAIN FACTS:

-Reed Elsevier NV purchased--through UBS Ltd 143,500 Reed Elsevier NV ordinary shares at a price of EUR11.2686 per share to hold in treasury.

-Shares closed Wednesday at 652.0 pence, valuing the company at GBP7.77 billion.

-Write to Razak Musah Baba at razak.baba@dowjones.com

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