The Bids Are In: Five Firms Make Offers For Bridge
VENDOR STRATEGIES
The race to acquire Bridge Information Systems Inc. is in the home stretch. Last Monday, five firms met the deadline to submit bids for the vendor: ADP, Cantor Fitzgerald L.P., Dow Jones Telerate, State Street Bank & Trust Co. and Welsh Carson Anderson & Stowe. Of the five, only the Boston-based State Street Bank was a surprise, emerging as it has without an obvious connection to the market data industry. ADP (IMD, Nov. 21, 1994), Cantor (IMD, Dec. 19, 1994), Telerate (IMD, Dec. 5, 1994) and
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