No Winner Yet in Bridge Bidding War; Reuters Still Formalizing Counterbid
ORGANIZATION AND MANAGEMENT
NEW YORK--The bidding war for the majority of Bridge Information Systems assets dragged on last week, as Reuters worked on raising its offer in the face of the revised Sungard bid, sources close to the negotiations say. Sungard and Reuters officials confirm that the auction is continuing but decline to comment further.
Meanwhile, sources close to the deal say that Reuters is now planning to offer more than $200 million for an expanded set of the Bridge Information System assets and is also
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