Mercator Faces Takeover Challenge from SSH

- WatersTechnology Staff
- 14 Apr 2003

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NEW YORK--Mercator Software entered its third week of a battle for control of the company against an unsolicited $75 million cash bid from Strategic Software Holdings (SSH).

Mercator, based in Wilton, Conn., rebuffed SSH’s offer as poorly defined and underfinanced; SSH owns five percent of the company’s shares.

SSH responded that Mercator refused to meet with SSH’s proposed financiers (TTW, April 7).

However, Mercator has retained an investment bank to review all possibilities, officials at the

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