Magazine article Information Today

West Publishing Bankers to Explore Opportunities

Magazine article Information Today

West Publishing Bankers to Explore Opportunities

Article excerpt

West Publishing, the privately held legal and business information services company, has announced that it has retained the investment binking firms of A. G. Edwards & Sons, Inc. and Goldman, Sachs & Co. as strategic financial advisors as part of a company initiative to explore new opportunities for growth.

Citing increased competitive challenges and opportunities, West's chairman and CEO Dwight Opperman said, "West has responded successfully to change in the past and will continue to do so in the future. More of our resources will be devoted to electronic distribution of information and to adding value by technical as well as editorial excellence. These changes will require us to develop new capacities. We have asked our financial advisors to help us explore every option available to ensure that we will have the financial strength to succeed in this changing business environment."

In a letter to employees, Opperman said that West will examine a wide variety of strategic alternatives including "'going public' by raising funds on the public equity markets," entering into a joint venture with another company, joining with a strategic partner, recapitalization, or sale of the company "to a buyer committed to sustaining West's tradition of achievement. …

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