Phone Directories Company Sells Canadian Business
PDC has grown rapidly the past few years. John Woodall, President of PDC, told me that overall the business was up 43% this year and that there were over a dozen companies interested in buying the Canadian business before they whittled the bidders down to a manageable number.
So what will they do with the money from the sale? Don't expect any of the current PDC management to go on long term vacations. We expect that this group will use the funds to take advantage of the opportunities the Yellow Pages world offers now. There is growth in them thar hills if you know where to prospect.