[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
EBSCO Finalizes Purchase of RoweCom USA, Australia and Canada
- To: liblicense-l@lists.yale.edu
- Subject: EBSCO Finalizes Purchase of RoweCom USA, Australia and Canada
- From: Ann Okerson <ann.okerson@yale.edu>
- Date: Fri, 13 Jun 2003 00:26:54 -0400 (EDT)
- Reply-to: liblicense-l@lists.yale.edu
- Sender: owner-liblicense-l@lists.yale.edu
http://www.ebsco.com/home/whatsnew/press.asp June 4, 2003 EBSCO Finalizes Acquisitions of RoweCom U.S.A., Australia and Canada BIRMINGHAM, Ala., U.S.A. - EBSCO Industries, Inc. (EBSCO), the global leader for the delivery of integrated information systems and services, confirmed that on Wednesday, June 4, 2003, it definitively closed its acquisition of the U.S. operations of RoweCom, Inc. (RoweCom), which includes the operations of Dawson, Inc., Dawson Information Quest, Inc., The Faxon Company, Inc., Turner Subscription Agency, Inc., McGregor Subscription Service, Inc. and Corporate Subscription Services, Inc. The final two closing contingencies: (1) verification of publisher support representing at least 50 percent of the aggregate monetary amount prepaid to RoweCom by customers, which was not subsequently forwarded to publishers, and (2) successful closure by EBSCO of its acquisition of RoweCom's European operations, have been satisfied, paving the way for final closure of the deal. EBSCO is glad to report that the final tally of publisher support exceeded 70 percent. This is very good news for participating customers, as it will mean the majority of their expenditures for 2003 materials will be fulfilled by publishers. A separate press release announcing the finalization of EBSCO's purchase of RoweCom Europe was issued earlier today. "At long last, we are pleased to finalize this acquisition," said F. Dixon Brooke Jr., vice president and general manager of EBSCO Subscription Services. "We greatly appreciate the support of publishers and the patience of our new customers. We are now able to turn our attention to ongoing operations of the business, and we are committed to facilitating excellent service for the benefit of our new customers." EBSCO has also finalized its purchase of RoweCom Australia, Pty Ltd and RoweCom Canada (Divine Solutions, ULC). The orders of RoweCom Australia and Canada customers who prepaid RoweCom, but whose payments were not forwarded to publishers, are to be handled pursuant to similar methodology being utilized in the U.S. Such participating customers will be transferring their bankruptcy claim to participating publishers in exchange for 2003 issues. EBSCO is immediately taking steps to provide electronic files to publishers and to customers of RoweCom U.S., Australia and Canada. The files sent to publishers will identify the orders the publishers have agreed to grace. The files sent to customers will segregate the orders of RoweCom customers into three groups: o orders for titles for which Customers paid RoweCom that RoweCom sent and paid to publishers o orders for titles for which Customers paid RoweCom that RoweCom did not pay to publishers, but which publishers have agreed to provide grace issues for 2003 o orders for titles for which Customers paid RoweCom that RoweCom did not pay to publishers and publishers have not agreed to provide grace issues for 2003. These files will allow customers to assess the exact titles that should be received (groups 1 and 2), as well as those that may need to be ordered (group 3). Detailed communications to customers and publishers explaining the process and listing customer service contact information will accompany the electronic files. Customer service representatives at EBSCO, Westwood, Mass., U.S.A. (formerly RoweCom/divine/Faxon Library Services) as well as all other EBSCO regional offices stand ready to assist. About EBSCO Industries, Inc. EBSCO Industries, Inc. is a global corporation with sales, service and manufacturing subsidiaries at work in 19 countries around the world. EBSCO's business interests include information management services, online and print journal subscription services, online research databases, real estate development, commercial printing and more. EBSCO, an acronym for Elton B. Stephens Company, is based in Birmingham, Alabama, U.S.A. and employs 4,000 people around the world. Additional information on EBSCO Industries is available from www.ebscoind.com. ---
- Prev by Date: Job Opportunity: Serial Acquisitions Librarian at UMKC Libraries
- Next by Date: Where are we with online learning and what opportunites lie ahead?
- Previous by thread: Job Opportunity: Serial Acquisitions Librarian at UMKC Libraries
- Next by thread: Where are we with online learning and what opportunites lie ahead?
- Index(es):