Donnerstag, Dezember 07, 2006

Update on the Prism - Penton Merger

from Folio: by Bill Mickey
John French Named CEO of Prism/Penton Merger, Company Renamed Penton

Quote:
"Two major questions left unanswered following November’s $530 million acquisition of Penton Media by Prism Business Media backer Wasserstein & Co. and co-investor MidOcean Partners – who becomes CEO and what will the merger be called? – were answered today in an announcement. Prism Business Media CEO John French has officially been named CEO of the combined company, with Penton CEO David Nussbaum to depart following the completion of the deal, expected in the first half of 2007.

Quote:
"The announcement also states that the combined company will operate under the Penton Media brand" (as Prism is a new brand and Penton is around since 1892)

more at Folio:

via David Shaw's B or not 2B Blog

Press release PRISM

Earlier entry:
Wasserstein Acquires Penton for $530 Million, Will Merge With Prism