Key Developments For JDA Software Group, Inc.
JDA Software Group, Inc. (JDAS.O) (Nasdaq)
China Resources Vanguard Co., Ltd. Selects JDA Software Group, Inc. To Maximize Profitability And Increase Market Share
JDA Software Group, Inc. announced that China Resources Vanguard Co., Ltd., a Chinese grocery retailer, licensed multiple solutions across JDA`s supply chain Category Management suite to help the company achieve demand based precision merchandising, profitably satisfy consumer demand and strengthen its position in key markets.
Optimera Gruppen A/S Selects JDA Software Group, Inc. To Increase Sales and Reduce Stock Levels With Improved Inventory Management Strategies
JDA Software Group, Inc. announced that Optimera Gruppen A/S, a Norwegian building supplies and services retailer, licensed JDA Advanced Warehouse Replenishment (AWR) and JDA Advanced Store Replenishment (ASR) to gain a competitive advantage with improved inventory management strategies that will drive greater profitability.
JDA Software Group, Inc. Announces To Acquire i2 Technologies, Inc.
JDA Software Group, Inc. and i2 Technologies, Inc., announced the signing of a definitive merger agreement for JDA Software to acquire i2 Technologies, Inc., for an enterprise value of approximately $396 million. JDA intends to raise approximately $275 million of senior unsecured notes through a best-efforts financing between the signing date and December 18, 2009. If JDA raises sufficient funds and satisfies other conditions in the definitive merger agreement by December 18, 2009, each issued and outstanding share of i2 common stock will be converted into the right to receive approximately $12.70 in cash and 0.256x shares of JDA common stock with a combined value equal to $18.00 per share based on JDA`s closing stock price on November 4, 2009. Transaction scheduled to close in first quarter 2010. Goldman Sachs acted as exclusive financial advisor to JDA and DLA Piper US LLP acted as JDA`s legal counsel. Thomas Wiesel Partners acted as exclusive financial advisor to i2 and Munsch Hardt Kopf & Harr, P.C. acted as i2`s legal counsel.
JDA Software Group, Inc. Reiterates H2 Guidance
JDA Software Group, Inc. reiterated guidance for second half 2009. According to Reuters Estimates, analysts on an average are expecting the Company to report earnings per share (EPS) of $0.36 for the third quarter of 2009 and $0.48 for the fourth quarter of 2009; EBITDA of $22 million for the third quarter of 2009 and $28 million for the fourth quarter of 2009; and revenue of $93 million for the third quarter of 2009 and $103 million for the fourth quarter of 2009.
Delta Cargo Live With JDA Software Group, Inc.'s Revenue Management Solution
JDA Software Group, Inc. announced that Atlanta, Ga.-based Delta Cargo is live with JDA Cargo Revenue Optimizer. JDA Software Group, Inc.`s solution will help the carrier, with one of the extensive cargo networks, optimize allocation of freight capacity and set segment hurdle rates for future booking requests, maximize revenue and achieve long-term profitability.
