Reader's Digest Association Up for Grabs
Company reportedly hoping for a $1 billion sale
After emerging from a prepackaged bankruptcy in early 2010 and undergoing some major executive shuffling in the past few months, Reader’s Digest Association is putting itself up for sale—and is hoping for a $1 billion offer, sources told The Wall Street Journal.
This past April, president and CEO Mary Berner left the company after its newly elected board replaced her with company CFO Tom Williams, leading to speculation that big changes—such as a sale—could be on the horizon.
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