IPC To Acquire Mxnet With Bid That Reuters Is Unlikely To Beat, Say Sources
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NEW YORK--IPC Information Systems appears set to acquire Mxnet, an outsourcer of market data platforms for smaller user firms that has recently attracted the attention of Reuters (TTW, February 16).
The New York-based IPC, a telephony and networking services company, has made a bid for Mxnet that sources say will likely seal an agreement. IPC president and CEO Terry Clontz declines to confirm IPC's bid. "It would be inappropriate for us to comment," Clontz says. But sources close to the
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