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Reuters, Telerate Talks Get Serious

FRONT PAGE: ORGANIZATION &STRATEGY

Reuters and One Equity Partners (OEP), which holds the majority stake in Telerate, have signed letters of intent to purchase Telerate, sources tell Inside Market Data. Still, the proposed deal faces a number of major obstacles. Reuters and Telerate both decline to comment.

Although several sources confirm that that Reuters and OEP have signed the letters, the deal is far from completed. One source says, "There is no real commitment other than intent." This source says points of contention

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