Global Crossing sheds IPC Trading Systems
Global Crossing has agreed to sell its IPC Trading System units to an investment group led by Goldman Sachs Capital Partners 2000 for $360 million in cash. The transaction is anticipated to close by the end of the year.
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IPC will operate as an independent company with headquarters in New York and operations in major financial centers around the world. Global Crossing bought IPC in June 2000 as part of the acquisition of IXnet.
--Kelly Carroll, staff writer
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© 2012 Penton Media Inc.
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