The closing of the sale of the Perseus Books Group to Hachette — with the distribution businesses to be sold in turn to Ingram Content Group — has been postponed past the intended July 31 date. That closing date always seemed ambitious, since the complicated three-way agreement was not executed until June 24, though up until a few days ago the parties were proceeding on track with that closing date. Indeed, HBG indicated to us in a brief statement, “This transaction is more complex because there are three parties involved and so more time is needed.” Perseus employees were told by email […]
