ProQuest in Trouble
According to a report in the Ann Arbor News the information and published works database company ProQuest is in financial trouble:
The accounting problems at ProQuest Co. raise questions about whether the company will continue to exist – at least under that name – even as it begins moving into a new $34 million headquarters building on Eisenhower Parkway next Monday….
Its problems are big enough that it is planning to sell off its most profitable division to raise cash – and company officials say they are not counting out selling the entire company to maximize shareholder value.
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