DBC Buys CMS; Shark To Target Inst'l Bond Buyers

MARKET DATA & NEWS

In an attempt to strengthen its fixed-income presence on the buy side, Data Broadcasting Corp. (DBC) last week signed an agreement to purchase Capital Management Sciences (CMS) for $23.3 million. According to Allan Tessler, co-chief executive officer of DBC, CMS will operate as a division of the vendor's Shark Information Services Corp. subsidiary.

The deal, which requires DBC to pay CMS in cash, stock, notes and other additional payments contingent upon the future performance of CMS, must be

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