S&P deal with Citigroup edges towards completion

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GLOBAL- Talks between Standard & Poor's (S&P) and Schroder Salomon Smith Barney (SSSB) over merging the firms' global index businesses are near to completion, according to a source at Citigroup.

Talks started in November 2001. The source said agreements had been flying back and forth for months but the sticking point had been the issues of licences and intellectual property, which are now ...

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