Liberty Sells Stake To Barra; Data And Analytics Services Planned

- WatersTechnology Staff
- 15 Feb 1993

Barra Inc., the Berkeley, Calif.-based provider of investment management tools and analytical software, has acquired a minority stake in interdealer Treasury broker Liberty Brokerage Inc., investing $5.5 million. In return, Barra gets somewhere under 10 percent of the broker, a seat on its board and voting preferred stock that is convertible into Liberty common stock -- along with access to Liberty's Treasury data.

The two are further discussing the formation of a joint venture that could use

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