ADP Stands To Lose In Pru-Bache Deal To Buy Thomson


When Prudential Bache Securities Inc. agreed last week to buy 154 Thomson McKinnon retail brokerage offices for $60 million, the deal signaled not only the demise of a venerable brokerage firm, but also harder times for some of its creditors. Once Pru-Bache backed away from an earlier plan to acquire Thomson McKinnon outright and instead buy the brokerage's assets, observers began questioning to what degree any of Thomson's previous contracts with other companies would be honored.

Among those

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