SHORT STORIES

SHORT STORIES

TELERATE TORPEDOES CMQ TAKEOVER

Proposed acquisition of Toronto-based CMQ Communications, Inc. by International Thomson Organization Ltd. won't happen, sources say. Details aren't clear, but deal-breaker appears to have been Telerate, Inc., which has long-term distribution agreement with CMQ (TST, July 6). Sources speculate that Telerate's veto of deal may also have triggered obligation for Telerate to step in and acquire CMQ itself. Telerate officials couldn't be reached.

CORRECTION

Septembe

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