November 1, 2012 (Bloomberg) – RedPrairie Corp., backed by private-equity firm New Mountain Capital LLC, agreed to acquire JDA Software Group Inc. in a $1.9 billion deal that merges two providers of software for managing corporate supply chains.
RedPrairie and New Mountain Capital will pay $45 a share, a 33 percent premium over JDA’s stock price on Oct. 26 before speculation of the deal surfaced, according to a statement released Thursday. The board of Scottsdale, Arizona-based JDA has approved the transaction.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access