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Question mark forms in wake of SSA's ascent.(SSA Global Technologies Inc. initial public offering)(Cerberus Capital Management L.P. and General Atlantic LLC.)
Crain's Chicago Business, December, 2005 by SINGH, SHRUTI DATE
Byline: SHRUTI DATE SINGH Shares of SSA Global Technologies Inc. have surged 70% since an initial public offering last spring, but the stock may be stymied until the company's two largest investors signal what they intend to do with their stakes. As a condition of the IPO, two firms that hold almost 90% of the company's shares agreed they wouldn't sell any stock until Nov.
22. Since the deadline has passed, Cerberus Capital Management L.P. and General Atlantic LLC are allowed to sell a portion of their holdings: 9 million shares, or 12% of the company's stock. Neither investor would comment on the holdings. Potential selling by Cerberus or General Atlantic will weigh on the stock though it's unlikely either investor is going to unload a lot of shares in...
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