Pennsylvania-based SunGard Data Systems Inc. has approached Shaw Data Services Inc. about buying the firm, industry sources say. Shaw is one of the largest U.S. providers of portfolio management services, with more than 200 clients.
SunGard executives, including a top executive of SunGard's merger activities, Richard Tarbox, decline to comment on the report. "We get approached all the time," says Jack McGowan, senior vice president of marketing at Shaw, who declines further comment. The offer