November 5, 2009 - JDA Software Group, Inc. and i2 Technologies, Inc. today announced the signing of a definitive merger agreement for JDA Software to acquire i2 Technologies, Inc., a global provider of supply chain solutions, for an enterprise value of approximately $396 million. Sources, including the Wall Street Journal, have reported a purchase amount of $434.4 million, but that number doesn’t reflect i2’s estimated cash balance at closing.
This merger acquisition isn’t a surprise. The Wall Street Journal also noted that a deal between the two software companies fell apart last December whenas JDA needed more time secure funding to close the deal. The transaction signed today is structured to include a high degree of completion certainty, and even includes an alternative structure including a right for i2 common stockholders to receive a cash payout and .580x shares of JDA common stock.
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