FT's Asset Valuation Unit To Merge With DBC, Clark Named President
ORGANIZATION & MANAGEMENT
LONDON--The Financial Times Group is merging its asset valuation business (FTAM) with Data Broadcasting Corp. (DBC) and will take a majority stake in the combined entity. On the news of the merger, DBC's share price fell from its open of $14.38 per share to $12.44 and closed at $11 per share at press time.
Stuart Clark, head of FTAM will become president of the new entity, which will be 60 per cent owned by the Financial Times Group. DBC president and chief operating officer, Mark Imperiale will
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