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MAID to buy US rival Knight-Ridder

Marc Ambasna Jones ZDNet.co.uk

Published: 03 Oct 1997 16:53 BST

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MAID has suspended its shares on the London Stock Exchange and NASDAQ until the deal has been approved by stockholders, but the company is confident the deal will go through to create a formidable, international supplier of online information services.

Knight-Ridder Business Information Systems supplies online services to research libraries in corporate, government and academic institutions, while MAID, through its Profound service, is well known for supplying market research reports, business news, equity research reports and real-time stock and commodity prices.

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