Telerate And Dow Jones Disagree On TTS' Value


At the heart of Dow Jones & Co.'s tender offer tussle with Telerate Inc. is a difference of opinion over the potential of the Telerate Trading Service (TTS), according to sources close to the deal. TTS is an automated interbank foreign exchange trading system developed by Telerate's Global Transactional Services (GTS) partnership with AT&T.

Dow Jones' $18/share tender offer price for outstanding Telerate shares assumes overall 1990 revenue growth of 12%. Telerate's own estimates are closer to 20%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

If you already have an account, please sign in here.

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 individual account here