Five Bid On Bridge: ADP, Cantor, Telerate, State Street And Welsh Carson

MARKET DATA & NEWS

The race to acquire Bridge Information Systems Inc. is in the home stretch. Last month, five firms met the deadline to submit bids for the vendor: Automatic Data Processing Inc., Cantor Fitzgerald L.P., Dow Jones Telerate, State Street Bank & Trust Co. and Welsh Carson Anderson & Stowe. Of the five, only the Boston-based State Street Bank was a surprise, emerging as it has without an obvious connection to the market data industry. ADP (IMT, Sept. 30, 1994), Cantor (IMT, Dec. 9, 1994), Telera