December 25, 1991 |
Berlitz International Inc., a company whose name is synonymous with language instruction, was a jewel in the crown of Macmillan Inc. until Robert Maxwell came along and bought Macmillan for $2.6 billion in 1988. Now, with Maxwell dead and his empire in a shambles, the publicly traded company with operations in 28 countries is struggling to avoid being misunderstood.
December 7, 1991 |
Even as the public glare focuses on the life-or-death struggle of the New York Daily News, another drama is unfolding quietly as investors map plans to grab choice Macmillan Inc. assets from the wreckage of the Maxwell publishing empire. While Maxwell Communications Corp., the British company that owns the U.S.
October 11, 1990 |
Macmillan Inc. said it will sell its P. F. Collier Inc. subsidiary to a German firm for an undisclosed price. Collier is one of the country's largest encyclopedia publishers. It makes Collier's Encyclopedia, a 24-volume set, and Merit Students Encyclopedia, which are sold in 30 countries.
December 2, 1988 |
Macmillan Inc. said Thursday that it plans to sell four business units to the New York buyout firm of Kohlberg Kravis Roberts & Co. for about $400 million. KKR recently lost out to Maxwell Communication Corp. in a months-long bidding contest for Macmillan. Early last month, Maxwell purchased the New York publishing and information services giant for about $2.7 billion.