What If... Smith Barney Parent Travelers Opts To Buy Kidder?
MANAGEMENT AND STRATEGY
With all the activity at Smith Barney Inc. these days (see related story), the firm has been the target of more than its fair share of rumors. But one big chunk of scuttlebutt -- that Smith Barney parent Travelers Inc. has reopened talks to buy Kidder Peabody & Co. -- packs a particular wallop when viewed from a trading technology angle.
Travelers originally approached Kidder parent General Electric Co. about a year ago, before it opted to purchase Shearson and merge it with what was then known
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