SunGard Data Systems
agreed to acquire some of
Bridge Information Systems'
financial information business assets for up to $165 million in cash and no assumption of debt.
The deal, which is expected to close by May 31, would include the Bridge information business, the
bond data and analytics business, and the
BridgeNews LiveWire Company News
brokerage business and the
Internet software are also included.
Bridge is currently seeking Chapter 11 bankruptcy protection. The transaction remains subject to higher and better offers.
Shares of SunGard, which is based in Wayne, Pa., gained $3, or 6.5%, to $49 in
New York Stock Exchange