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Bloomsbury Publishing PLC Announces Acquisition Of Hart Publishing Limited

Monday, 2 Sep 2013 10:40am EDT 

Bloomsbury Publishing Plc announced that it has completed the acquisition of the issued share capital of Hart Publishing Ltd (Hart), the Oxford-based legal publisher, from the management shareholders. The initial consideration of GBP6.5 million (which is subject to working capital adjustments) was paid in cash on completion from Bloomsbury's own cash reserves. A further cash consideration of up to a maximum of GBP0.5 million will be payable on the achievement of certain revenue and title number targets for the period ending March 31, 2014. 

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-2.25 -1.39%
3:50am EST