Tags: US | Interactive | Data | Alternatives

Pearson's Interactive Data Looks for Buyers

Friday, 15 Jan 2010 02:51 PM

Interactive Data Corp., a provider of financial market data, said Friday its board is looking into "strategic alternatives" for the company.

Such alternatives can mean a sale of the company, but IDC did not say what the outcome or timing of the board's review might be.

Interactive Data is majority owned by London-based Pearson PLC, which publishes Penguin books, the Financial Times and The Economist periodicals, and education materials.

IDC's shares rose $3.11, or 12 percent, to $28.58 in morning trading. Earlier the stock set a 52-week high of $29.97 following the announcement.

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Interactive Data Corp., a provider of financial market data, said Friday its board is looking into strategic alternatives for the company.Such alternatives can mean a sale of the company, but IDC did not say what the outcome or timing of the board's review might...
US,Interactive,Data,Alternatives
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2010-51-15
Friday, 15 Jan 2010 02:51 PM
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