COURT BLOCKS SALE OF ROSS SYSTEMS

cdc software logoA bankruptcy court has blocked the effort of CDC Software to sell two subsidiaries, Ross Systems and Tradebeam. The court granted a motion for preliminary injunction by CDC Corp., which is in Chapter 11, on the initiative of its chief restructuring officer, Marc Watson after the CDC Software agree to sell the operations to Marlin Equity Partners/Marlin Management Company, for $60 million. Read more...

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