JDA Software closes note offering in bid to acquire i2 Technologies

By Lisa Kerner

Charlotte, N.C., Dec. 10 - JDA Software Group, Inc. settled on one of two financing options in its proposed acquisition of i2 Technologies, Inc.

The company, under its first option, closed an offering of $275 million principal amount of 8% senior notes due 2014 to qualified institutional buyers in the United States.

As a result, i2 shareholders will receive approximately $12.70 in cash and 0.256 shares of JDA common stock for each i2 share for a total value of $18.00, according to a JDA news release.

The second financing option would have given i2 shareholders $6.00 in cash and 0.580 shares of JDA common stock, also for a total value of $18.00 per share.

JDA is a Scottsdale, Ariz., software services provider.

i2 is a Dallas-based supply chain management solutions company.

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