JDA Software, i2 Technologies merger clears waiting period hurdle

By Lisa Kerner

Charlotte, N.C., Dec. 16 - The Hart-Scott-Rodino waiting period in the proposed merger of JDA Software Group, Inc. and i2 Technologies, Inc. was terminated, JDA announced on Wednesday.

The merger transaction remains subject to i2 shareholder approval as well as the satisfaction or waiver of other closing conditions, JDA said.

Last week, JDA announced it settled on one of two financing options in its bid to acquire i2.

JDA, under its first option, closed an offering of $275 million principal amount of 8% senior notes due 2014.

As previously reported, 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.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.