Telerate Sale Imminent?
VENDOR UPDATE
NEW YORK—Reuters is on the verge of finalizing its acquisition of Telerate—perhaps making an announcement on Monday, Dec. 20—say industry sources who spoke to DWT at press time. Reuters officials decline comment while Telerate officials did not return calls by press time.
In May, DWT reported that Reuters and One Equity Partners (OEP), which holds the majority stake in Telerate, had signed letters of intent. At the time, the price—between $120 million and $240 million—was one point of contention
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