At Press Time: WCAS Agrees To Buy Knight-Ridder Fin'L

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As IMT went to press last Tuesday, Knight-Ridder Inc. announced that it planned to sell its Knight-Ridder Financial subsidiary to Welsh Carson Anderson & Stowe's Global Financial Information Corp. (GFI). The agreed-upon price was an unexpectedly hefty $275 million. The announcement followed close on the heels of a story in the May 6 issue of IMT sibling publication Inside Market Data, in which it was reported that such a sale was imminent. That story was picked up by the Dow Jones and Reuter