IPC Beats Reuters With Bid Of $6.6M For Mxnet

ORGANIZATION & MANAGEMENT

NEW YORK--IPC Information Systems appears set to acquire Mxnet, a provider of market data platforms for smaller user firms that has recently attracted the attention of Reuters. The telephony and networking services company has made a bid for Mxnet that sources say will likely seal an agreement.

IPC president and CEO Terry Clontz declines to confirm IPC's bid: "It would be inappropriate for us to comment," he says. But sources close to the negotiations say IPC has made a bid of $6.6 million fo

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