Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: CrashTest Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 452  
Subject: merger Date: 2/3/2000 12:46 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
DBCC 9 1/4 , + 3/16
News

Data Broadcasting Bd Urges Hldrs To Approve Merger
Wednesday, February 2, 2000 01:54 PM

JACKSON, Wyo. (Dow Jones)--Data Broadcasting Corp.'s (DBCC, news, msgs) board urged shareholders to approve the proposed merger with Pearson PLC's Financial Times Asset Management/Interactive Data Corp. unit.

In a press release Wednesday, Data Broadcasting said the company expects the merger will triple annual revenue to about $325 million and double cash flow per share, improving its ability to develop new products.

As reported, shareholders will vote on the merger Feb. 23. Data Broadcasting said Nov. 30, 1999, that it expects to issue 56.5 million new common shares to Pearson in the deal, increasing total outstanding shares to about 91.5 million.

Data Broadcasting provides real-time market data to traders and investors.

Financial Times provides global securities pricing and related financial data.

-Jason Overdorf; Dow Jones Newswires; 201-938-5400

Quote for referenced ticker symbols: DBCC

© 2000 Dow Jones & Company, Inc. All Rights Reserved.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Nu Skin Showing its Age?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement