Bridge open to offers - Bloomberg

Bridge open to offers - Bloomberg

Bloomberg is reporting that lawyers for Bridge Information Systems will consider purchase offers for the bankrupt market data firm.

Bloomberg quotes Greg Willard, a St. Louis-based bankruptcy attorney, who claims that Bridge officials have set a 7 March deadline for potential buyers to submit initial proposals.

Bridge's largest shareholder - New York-based investment firm Welsh, Carson, Anderson, & Stowe - intends to submit a bid following its failure to get creditor's to agree on a pre-packaged bankruptcy filing.

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