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DBCC 9 1/4 , + 3/16

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.
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