White Knights Need Not Apply

ON BALANCE

Sometimes stories take on a life of their own. This week’s reports on the Merrill Lynch-Thomson Financial deal are a perfect example.

We actually broke this story last Tuesday morning. For those of you who do not subscribe to our alerts (see www.insidemarketdata.com to sign up), we revealed that the deal has suffered a number of delays, that the champion of the deal at Merrill has left and that Thomson has not yet been paid for its work.

Note what we did not say: that Reuters will take over th

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