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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: exp who wrote (6565)11/19/2001 12:36:29 AM
From: Softechie  Read Replies (1) of 99280
 
Global Crossing Announces Sale of IPC Trading Systems Units for $360 Million

Purchase made by an investment group led by Goldman Sachs Capital Partners 2000. - End of the year closing anticipated. - Global Crossing will be the preferred provider for IPC's telecommunications needs and will continue to partner with IPC to deliver managed solutions to thousands of financial institutions.

As part of the transaction, Asia Global Crossing will divest the Asia-Pacific assets and operations of IPC Trading Systems, which it acquired as part of the acquisition of IXnet Asia from parent Global Crossing in July 2001, for $22.5 million of the total proceeds.

biz.yahoo.com
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