NEW YORK (TheStreet) -- Shares of Reed Elsevier (RUK) are up 0.47% to $66.19 after it was reported that the information solutions company has offered 150 million euros ($197 million) for FircoSoft, a maker of software used by banks to weed out terrorist financing and names on sanctions watch lists, sources told Bloomberg.
Reed, which publishes trade journals and owns the LexisNexis database, is in exclusive talks to buy the business from private-equity firm Keensight Capital, it said today.
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