FactSet to Buy JCF

FRONT PAGE: ORGANIZATION & STRATEGY

Greenwich, Conn.-based FactSet Research Systems, the provider of economic and fundamental data, is to buy JCF Group, the European provider of broker earnings estimates, sources tell Inside Market Data.

FactSet officials did not return calls seeking information last week, while officials at JCF in London decline to comment.

But several sources familiar with the situation tell IMD that preliminary terms have been agreed for a purchase, and that the due diligence process is currently underway. O

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