RE: Any have an update on SSA bankrupcy?

Yesterday at the Southern Association of BPCS Users annual conference,
Richard Gonzales, President of SSA North America addressed this issue. Brief
summary:

SSA has cut costs by closing various offices and by other measures to reduce
costs to approximately current levels of revenue. 
Gores is expected to purchase the assets of SSA and will own 75% of the new
SSA.
SSA (with the help of their financial consultants) was able to convert
existing debt (in the form of bonds) to equity. Thus, the former
bond-holders will own 25% of the new SSA.
All of this should be finalized around the end of next week (wk of 6/19) if
the bankruptcy court approves the plan. 

I hope I got that right!

Mark Bazer
Dyno Merchandise
Pompano Beach, FL




 -----Original Message-----
From:   Staunton,Wade [mailto:WStaunton@burco.com] 
Sent:   Wednesday, June 14, 2000 10:07 AM
To:     'bpcs-l@midrange.com'
Subject:        Any have an update on SSA bankrupcy?

There hasn't been any new of late as to the Gores purchase of SSA. Does
anyone have an update or any information as to it's affect on BPCS support
out of Chicago?
Has anyone experienced any support differences attributed to the bankruptcy?

Thanks -
Wade Staunton
Burlington Chemical Company
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