Key Developments For i2 Technologies, Inc.
i2 Technologies, Inc. (ITWO.O) (Nasdaq)
Eroski Group Selects i2 Technologies, Inc.'s Solutions
i2 Technologies, Inc. announced that Eroski Group, Spain's retailer, has selected the i2 Transportation solutions as the foundation for network modeling, planning and execution of its inbound and outbound transportation operations. Eroski Group has selected the i2 solutions to enable integrated planning, execution, and monitoring across the entire transportation lifecycle.
Levi Strauss & Co. Selects i2 Technologies, Inc. To Provide Managed Processes, Tools and Analysis Support For VMI Programs With Retail Partners
i2 Technologies, Inc. announced that Levi Strauss & Co. (LS&Co.), one of the apparel marketers, has tapped i2 to design and deploy processes and tools to improve service levels to Levi Strauss & Co.'s U.S. retail customers. In addition, Levi Strauss & Co. is leveraging associated outsourced managed services from i2 to improve its inventory management.
Law Office of Brodsky & Smith, LLC Announces Investigation On Behalf Of Shareholders Of i2 Technologies, Inc.
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of i2 Technologies, Inc. relating to the proposed merger with JDA Software Group, Inc. Under the proposed agreement, i2 shareholders will receive a combination of approximately 0.256 shares of JDA common stock plus $12.70 in cash for each share of i2 common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the i2 Board's approval of the proposed acquisition. The merger agreement contains a $15 million termination fee and concurrently with the execution of the merger agreement the directors and certain executive officers of i2 agreed to vote in favor of the merger agreement and against any other proposal or offer to acquire i2. This prevents other buyers from making offers for the company that may have resulted in increased compensation for the shareholders.
Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of i2 Technologies, Inc.
Stull, Stull & Brody announced that it has commenced an investigation on behalf of shareholders of i2 Technologies, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by i2`s Board of Directors to sell all of the i2 Technologies, Inc.'s outstanding shares of common stock at a price of $18.00 per share in cash and stock to JDA Software Group, Inc. The investigation concerns the price to be paid by JDA to i2 shareholders and the process by which i2`s Board of Directors is addressing the transaction. Under the terms of the proposed transaction, i2 shareholders will receive approximately $12.70 in cash and 0.256 shares of JDA common stock with a combined value of $18.00 per i2 share. Given the intrinsic value and future prospects of i2 stock and the fact that its Board of Directors agreed to pay a termination fee of $15 million to JDA in the event i2 terminates the merger agreement in order to accept a superior proposal, Stull, Stull & Brody is investigating whether the members of i2`s Board of Directors breached their fiduciary duties to i2`s shareholders by not acting in shareholders` best interests in connection with the proposed transaction.
Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty By The Board of i2 Technologies, Inc.
i2 Technologies, Inc. announced that Levi & Korsinsky is investigating the Board of Directors of the Company for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to JDA Software Group Inc (JDA). Under the terms of the agreement, the Company's shareholders will receive a combination of cash and JDA stock valued at $18 for a total transaction value of approximately $434 million. The investigation concerns whether the Company's Board of Directors have breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether JDA is underpaying for the Company's shares, thus unlawfully harming the Company's stockholders.
