Bridge, Sungard Ink Sale Agreement; Bridge Set to Auction Telerate
ORGANIZATION AND MANAGEMENT
NEW YORK--Sungard's purchase of three of Bridge's business units--Bridge's retail broker information business acquired from ADP, its value-added reseller group and its interest in Prescient Markets (IMD, June 11)--was finalized this week, with Bridge and Sungard representatives signing the formal sale agreement. However, there is little movement on other sales, and in the meantime, Bridge Trading president David Rutter has left the firm.
A source close to the Sungard proceedings tells Inside
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