Reed Elsevier, the Anglo-Dutch publishing company which owns the LEXIS-NEXIS database, Hollywood magazine Variety and a raft of computer trade publications, is declining to comment on rumors that Microsoft Corp is about to take it over. Shares in Reed Elsevier picked up yesterday from the twelve month lows that followed a profit warning two weeks ago. Observers agree the company is vulnerable to a takeover bid. Plans to merge with Dutch publisher Wolters Kluwer broke down earlier this year, and a reshuffle is in process, with co-chairs Herman Bruggink and Nigel Stapleton planning to step down so as to streamline management.
