Five Bid On Bridge: ADP, Cantor, Telerate, State Street And Welsh Carson

The race to acquire Bridge Information Systems Inc. is in the home stretch. Last month, five firms met the deadline to submit bids for the vendor: Automatic Data Processing Inc., Cantor Fitzgerald L.P., Dow Jones Telerate, State Street Bank & Trust Co. and Welsh Carson Anderson & Stowe. Of the five, only the Boston-based State Street Bank was a surprise, emerging as it has without an obvious connection to the market data industry. ADP (IMT, Sept. 30, 1994), Cantor (IMT, Dec. 9, 1994)