How Does Citi Spell Relief? R-E-U-T-E-R-S

VENDOR STRATEGY

After much whispering in the market data community (IMD, Oct. 11, 1993), Reuters late last week came clean, announcing that it had finally signed a letter of intent to buy Quotron from Citicorp. The deal gives Reuters a base from which it might now pursue the North American equities market -- a slice of the global market-data pie it has long coveted.

Though the terms of the deal were not fully disclosed, Citicorp said that it would take a $179 million writedown, primarily to cover the sell-of

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: