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SSI: The spark of acquisition

THE proposed acquisition by SSI of the US-based AlbionOrion Company LLC through a composite cash-cum-stock deal is likely to spark trading interest in the stock.

The deal is valued for a total consideration of $63.65 million through a cash payment of $20 million and the balance through stock swap. As the company proposed to be acquired is focussed on the high-end segments of e-business solutions, supply chain and CRM solutions, it may help SSI make a significant foray into this booming segment. As SSI had completed a $100-million Global Depository Shares offer in March 2000, the consideration for the acquisition (both cash and stock) should not pose much of a pr oblem. The stock which dipped by 8.9 per cent over the past week may witness firm trends in the near term. -- BL Research Bureau