Reed Elsevier takes RBI off the market

http://www.btobonline.com/apps/pbcs.dll/article?AID=/20081210/FREE/812109995/1078/newsletter011
Reed Elsevier announced Wednesday that it has terminated discussions with potential bidders for Reed Business Information, citing “the recent deterioration in macro-economic outlook and poor credit market conditions.”

Earlier this week, The Independent, a U.K. newspaper, reported that Reed Elsevier appeared close to reaching a deal to sell RBI to Bain Capital for the reduced price of $1 billion, which would have been slightly more than half what Reed Elsevier had hoped to get for the property.