PLATINUM EQUITY HOLDINGS ACQUIRES IDD ENTERPRISES.Platinum Equity Holdings (PEH PEH Promotion of Environmental Health (WHO) ; Los Angeles, CA) has agreed to acquire IDD (1) (International Direct Dial) Long distance dialing between countries without operator intervention. Also known as international standard dialing (ISD). Enterprises (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) from parent Dow Jones & Co. (New York). No terms of the deal were given. IDD is an electronic, financial database provider of end-of-the-day and historical stock market quotes and fundamental company data for U.S. and international markets through its "Tradeline" databases. IDD also provides stock charts and related software services, including developing financial institution Web sites. IDD was majority acquired by Dow Jones in 1995 from MLR MLR mixed lymphocyte reaction. MLR Myocardial laser revascularization, see there Publishing (Philadelphia, PA). Full ownership came in November 1997. Dow Jones then sold IDD's publishing operations to Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings Media (Boston, MA) and its Securities Data Publishing (New York) unit. At that time, Dow Jones also sold IDD's retail investment services operations to a management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. team. Thomson acquired two magazines, Investment Dealers Digest and Mergers & Acquisitions Journal as well as nine newsletters and two directories. Dow Jones said it decided to sell IDD as part of a program of divesting noncore assets. PEH is an IT investment corporation that specializes in acquiring and operating technology organizations and technology-enabled service companies. It currently operates 15 companies with 10,000 employees. PEH president/ceo Thomas Cores said "this is a strategic acquisition that enhances our already strong position within the financial services market-place. We intend to leverage IDD's core competancy in complementing Platinum's growth strategy." |
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