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Formal bids set to launch for MTS

Revised bids for MTS, the pan-European electronic government bond exchange, will be tabled at a board meeting tomorrow by eSpeed and a consortium of Euronext and Borsa Italiana.

Goldman Sachs, which is advising MTS on its sale, is understood to have received higher bids from both groups over the weekend. They had until June 5 to file.

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