THIS WEEK IN IMD
THIS WEEK IN IMD
1 Year Ago
Savvis Communications' share price reached its all-time low at $3.48, a long way off from the IPO price of $24 achieved when the company was floated by parent company Bridge in February 2000. Some industry sources said Savvis was a prime takeover target. Discontent spread among Bridge employees who had shares in the networking company along with other investors. One source said: "There is lots of concern within Bridge. Employees were offered the opportunity to buy shares at the pre
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