WSiP flirts news of its imminent acquisition

"Maybe even in the nearest fortnight we will be able to inform you about a spectacular takeover," said Jan Rurański, WSiP president, declining to name the company. Market watchers list Bellona, Wydawnictwa Szkolne PWN, or Kielce based MAC Edukacja as the possible takeover targets, as well as Wydawnictwo Pascal, a famous tourist guides publisher, currently owned by Onet capital group. However, WSiP management suggested that the takeover might not be targeted at a company strictly connected with the educational publishing market. "The idea to consolidate the sector is a good way to go," said Piotr Dobrołęcki, head editor of Magazyn Literacki Książki. Despite the fact that WSiP's shares have been sluggish since its IPO (zł.10, compared to zł.9 at the IPO), shareholders expect to soon hear good news, as they are count ing on a dividend of around zł.0.30 per share as 30% of the company's 2004 profit of zł.30 million was earmarked for dividends. (Puls Biznesu, p. 7) D.W.