Wang Labs Completes Walsh, Greenwood Acquisition; $28 Million Price Tag On 'Shark'

Wang Laboratories, Inc. has completed its purchase of Walsh, Greenwood Information Systems, Inc., a.k.a. "Shark," for $20 million cash, $8 million in deferred payments, plus incentives (MTR, November 1985). While the deal does give the computer and office systems company a foothold in the quotations business, it remains to be seen whether and how Wang can pry Shark out of its boutique niche among arbitrageurs and transform it into a mainstream product for the brokerage industry.

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