Reuters To Buy CMD; Levkoff To Quit Firm, Withdrawing Suit
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Reuters is in the final stages of talks to acquire Capital Market Decision Inc. (CMD), the Stamford, Conn.- based company that Steve Levkoff formed to develop Reuters' Decision 2000 fixed-income data and analytics service. As part of the pending deal, Levkoff will relinquish his role as president of CMD and end his association with Reuters.
Levkoff's CMD has withdrawn the lawsuit it filed against Reuters last month, alleging unfair business practices and seeking $30 million in damages (IMD, Nov
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