Telerate Buys Canada's CMQ For US $75 Million, Blocking Thomson Bid And Adding Equities To Arsenal

THIS MONTH'S LEAD STORIES

As expected, Telerate, Inc. has acquired Toronto-based quote vendor CMQ Communications Inc. (MTR, October 1987). The purchase price was US$75 million. While both firms crow about strategic fit, Telerate's underlying motives for the deal were more defensive than offensive, and the company now seems a bit perplexed about exactly what to do with its new possession.

"Obviously the significant strategic motivation" for the deal, says Telerate vice president and general counsel Steven Rappaport, is

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: