JDA Software to buy i2 for about $434 million

Posted - 11/5/2009 at 3:16PM

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JDA Software to buy i2 for about $434 million

NEW YORK (AP) - JDA Software Group Inc., which makes inventory management software for retailers, says it has agreed to buy rival i2 Technologies Inc. for about $434 million.

JDA Software said Thursday the deal for the i2 Technologies will help it expand its business. I2 Technologies makes supply chain management software used by manufacturers as they deal with customers and suppliers.

JDA, which is based in Scottsdale, is offering cash and stock valued at $18 a share for i2 Technologies, which is based in Dallas.

That is a 9 percent premium over i2's closing price in Wednesday.

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