RedPrairie Begins Tender Offer for JDA Software
RedPrairie today announced that its affiliate, RP Crown Acquisition Sub LLC, has commenced a cash tender offer to purchase all outstanding common shares of JDA Software Group, Inc. (NASDAQ: JDAS). As previously announced on November 1, 2012, entities affiliated with RedPrairie and JDA entered into a definitive merger agreement under which an affiliate of RedPrairie would acquire all outstanding shares of JDA common stock for $45.00 per share, in a transaction valued at approximately $1.9 billion.
Following the successful closing of the tender offer, shareholders of JDA will receive $45.00 in cash for each common share of JDA validly tendered and not properly withdrawn in the offer, without interest and less any required withholding taxes.
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