Bridge Information May Go Public, Newsletter Says (Update1)
Bloomberg News
June 16, 1999, 12:53 p.m. PT
(Adds disclaimer in last graph, minor editing)
New York, June 16 (Bloomberg) -- Board members of Bridge
Information Systems Inc., one of the largest providers of
electronic financial information, will meet in two weeks to
discuss selling shares to the public, Inside Market Data
reported.
One proposal is to spin off its private network services
unit Savvis, which was acquired earlier this year. Bridge, owned
by New York-based investment firm Welsh, Carson, Anderson &
Stowe, has met with five banks to determine who would lead a
possible sale, the newsletter said.
Closely held Bridge acquired Telerate, a financial
information unit of Dow Jones & Co. last year for $510 million in
cash and stock and a ten percent stake in Bridge.
Bloomberg LP competes with Bridge in the dissemination of
financial news and information.
|
