Barclays Global Buys LongView, New Owner Is Also Biggest Installation
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SAN FRANCISCO--Barclays Global Investors, the giant index fund manager, signed a letter of intent to acquire the LongView Group of Boston, publisher of the Landmark trade order management system. While the cost of the transaction was not disclosed, it is scheduled to be completed by the end of the third quarter.
Once completed, it will mean that LongView is owned by the largest of its 35 customers.
With the pending deal, Barclays is also buying out a minority interest held by Investment Technology
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