http://www.businesswire.com/news/home/20091105006630/en
NEW YORK--(Business Wire)--
Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP
is investigating possible breaches of fiduciary duty by the Board of Directors
of i2 Technologies, Inc. ("i2" or the "Company") [NYSE:ITWO] arising out of the
proposed acquisition of i2 by JDA Software Group, Inc. ("JDA").
On Thursday, November 5, 2009, i2 announced that it had agreed to be acquired by
JDA in a deal that may be structured in one of two ways. Under the intended
structure, JDA would raise $275 million in unsecured financing that would put
i2`s purchase price at about $18 a share, with current i2 shareholders getting
about $12.70 in cash and about a quarter-share of JDA stock for each i2 share.
If JDA cannot raise the funds, an alternative structure would give i2
shareholders less cash and more shares of JDA. The deal`s financial structure
includes the purchases of the shares for $434 million, along with an agreement
to retire about $121 million in debt. JDA would then get back about $160 million
in i2`s cash on hand when the deal closes, putting the value of the deal at $396
million. However, the Company may not have adequately shopped itself around
before entering into this transaction and, pursuant to this transaction, JDA may
be underpaying for i2, thus unlawfully harming i2 shareholders.
Wolf Haldenstein has been representing individual and institutional investors
for many years, serving as lead counsel in numerous cases in U.S. federal and
state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com)
for more information about the firm.
If you own i2 Technologies common stock and you wish to discuss this matter with
us, or have any questions concerning your rights and interests with regard to
this matter, please contact:
Gustavo Bruckner or Derek Behnke
Wolf Haldenstein Adler Freeman
& Herz LLP
270 Madison Avenue
New York, New York 10016
Phone Numbers: (800) 575-0735
(212) 545-4600
Email: bruckner@whafh.com
Classmember@whafh.com
Website: http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
Wolf Haldenstein Adler Freeman & Herz LLP
Gustavo Bruckner or Derek Behnke
800-575-0735 or 212-545-4600
bruckner@whafh.com
Classmember@whafh.com
Copyright Business Wire 2009
