chinadotcom In The "Process" of Acquiring Ross Systems
P.J. Jakovljevic - October 3, 2003

Event Summary

On September 4, Ross Systems, Inc. (NASDAQ: ROSS), a global provider of enterprise software primarily for midsized process manufacturers, and CDC Software Holdings Inc, a wholly owned subsidiary of chinadotcom corporation (NASDAQ: CHINA), an integrated enterprise solution and software company, announced that they have signed a definitive agreement whereby CDC Software will acquire Ross Systems in a merger valued at approximately US$68.9 million. Following the merger, it was announced, Ross Systems would operate under chinadotcom's CDC Software unit. The transaction is expected to close no later than the first quarter of calendar year 2004 subject to approval by Ross Systems' stockholders, certain regulatory approvals and customary closing conditions...