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Technology / AI and automation

INVESTORS OFFER $110M FUNDS IN RUSH TO BACK SSA

Roger Covey has found yet more investors to add to the raggle taggle list of System Software Associates Inc’s proposed backers. A ‘leading’ investment bank has been engaged and $10m of private funds is due next week, followed by a promised $100m of underwritten, subordinated convertible loan notes due 2002. Covey stated that the new deal will replace previously announced plans and will be less dilutive to existing shareholders.

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CBR Staff Writer

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