Welsh Carson Perseveres, Buys Bridge Information
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AFTER months of discussions involving numerous potential investors, Bridge Information Systems Inc. has found a buyer: Welsh Carson Anderson & Stowe (WCAS). Just over two weeks ago, the New York-based investment firm agreed to acquire a controlling interest in Bridge, putting an end to speculation about who would snatch up the combination equity data vendor/soft-dollar broker. Under the terms of the deal, which is expected to be finalized by the end of April, Bridge will operate as a separate
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