Global Advanced Technology Corp. has won a bidding auction for Drexel Burnham Lambert Inc.'s library of collateralized mortgage obligation (CMO) portfolios. Put up for sale as part of Drexel's liquidation proceedings, the library consists of approximately 2,000 prospectuses, officials at GAT say. The price paid for the library was not disclosed.
The purchase will give GAT the basic resources required to become a player in the CMO analysis services market currently dominated by Trepp Informati
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