Reuters Celebrates Big Bang With Shopping Spree; Three Deals Figure In Plans For U.S. Equities Data Market

THIS MONTH'S LEAD STORIES

Reuters Holdings PLC has stepped up its assault on the U.S. market for equities quotes with two specialized acquisitions and a takeover bid. Reuters offered $92 million for the portion of Instinet Corp. it doesn't already own, and acquired two privately-held quote software firms, Network Utilities, Inc. of Chicago and, as previously reported, Reveal Software, Inc. of Roslyn Heights, NY (MTR, September 1986).

The $7.25/share bid for Instinet underscores two Reuters strategies -- (1) to

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