Reuters Bids on Parts Of Bridge, Steps On Sungard’s Toes
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LONDON--Reuters has confirmed that it has submitted a bid for many of the same parts of Bridge Information Systems that Sungard bid on two weeks ago.
A source says Reuters’ bid was less than 10 percent more than Sungard’s--"insignificantly more money." The bid was designed to simply get Reuters into the auction process, says the source.
Reuters confirms that it is bidding on Bridge Information Systems in North America, the Bridge Trading brokerage, the EJV bond data and analytics business, the
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