Reuters Submits Winning Bid for Bridge Assets
MERGERS AND ACQUISITIONS
NEW YORK--Reuters won the bidding war for the majority of Bridge Information Systems’ assets last week, topping Sungard with a $275 million offer for Bridge Information Systems in North America, EJV, Bridge Trading Technologies, eBridge and the CRB Index.
Sungard and Reuters were particularly attracted by Bridge’s buy-side clientele, sources close to the deal say. Reuters was also drawn to Bridge’s equity workstation, Bridgestation7, these sources say. In fact, Tom Glocer says Bridge Trading
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Waters Wavelength
After Refinitiv deal, LSEG Labs builds machine-learning market impact tool
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