Reuters' Stock Price Slammed By Chemical Manufacturers Erger
THIS WEEK'S LEAD STORIES
Reuters Holdings PLC's stock price sank last week on the news that Chemical Banking Corp. and Manufacturers Hanover Trust Co. would merge following a stock-for-stock transaction. The stock price moved down, according to analysts, on fears that Reuters would be a loser if further bank rationalizations resulted in fewer traders and, subsequently, fewer market data terminals.
Observers say Dow Jones & Co.'s Telerate Systems Inc. subsidiary could also be hard hit by commercial bank mergers. Many
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