Reuters, Sungard Rivalry Main Battle in Bridge Bidding War
SPECIAL REPORT
NEW YORK--Reuters and Sungard Data Systems remain locked in a bidding war for certain assets of Bridge Information Systems following a marathon 12-hour auction on April 19. Nine other firms also have bids on the table, but the Reuters/Sungard battle must be resolved first, sources close to the discussions say.
Thursday’s session followed a week of campaigning by both firms, with Sungard highlighting the anti-trust and employee retention issues of a Reuters bid and gathering the support of a
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