-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DzHQoV0pFNPBkjXgagioCZq83eAgOouEUsvoNyf/gAuuGgnQo7QeyUAjs+VOa05r BrpzDgBi82Ek9Eyf6Oz1aQ== 0000950123-10-006083.txt : 20100128 0000950123-10-006083.hdr.sgml : 20100128 20100128144221 ACCESSION NUMBER: 0000950123-10-006083 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100128 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100128 DATE AS OF CHANGE: 20100128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JDA SOFTWARE GROUP INC CENTRAL INDEX KEY: 0001006892 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 860787377 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27876 FILM NUMBER: 10553486 BUSINESS ADDRESS: STREET 1: 14400 N 87TH ST CITY: SCOTTSDALE STATE: AZ ZIP: 85260 BUSINESS PHONE: 4083083000 MAIL ADDRESS: STREET 1: 14400 N 87TH ST CITY: SCOTTSDALE STATE: AZ ZIP: 85260 8-K 1 p16774e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 28, 2010
JDA Software Group, Inc.
(Exact name of registrant as specified in its charter)
         
Delaware   0-27876   86-0787377
(State or other jurisdiction of
incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)
     
14400 North 87th Street    
Scottsdale, Arizona   85260-3649
(Address of principal executive offices)   (Zip Code)
(480) 308-3000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 2.01. Completion of Acquisition or Disposition of Assets.
     On January 28, 2010, JDA Software Group, Inc. (“JDA”) announced that it had completed the previously announced acquisition of i2 Technologies, Inc. (“i2”). Pursuant to the terms and conditions of the Agreement and Plan of Merger and Reorganization, dated November 4, 2009 (the “Merger Agreement”), by and among JDA, i2 and Alpha Acquisition Corp., a wholly-owned subsidiary of JDA (“Merger Sub”), on January 28, 2010 (the “Closing Date”), the Merger Sub merged with and into i2, with i2 thereafter becoming a wholly-owned subsidiary of JDA (the “Merger”).
     In accordance with the terms of the Merger Agreement, on the Closing Date each outstanding share of i2 common stock was converted into the right to receive $12.70 in cash and 0.2562 of a share of JDA’s common stock; provided, however, that holders of i2 common stock will not receive any fractional JDA shares in the Merger and are, in lieu thereof, entitled to receive a cash payment equal to the fraction of a share of JDA’s common stock to which the holder would otherwise be entitled multiplied by the average closing price of JDA’s common stock on The Nasdaq Stock Market for the five consecutive trading days through and including January 25, 2010, or $26.25. Holders of i2 common stock will be contacted by the exchange agent for the Merger for information regarding this process.
     Also, pursuant to the Merger Agreement, on the Closing Date each issued and outstanding share of i2’s Series B Convertible Preferred Stock was converted into the right to receive $1,100.00 per share in cash, plus all accrued and unpaid dividends through the effective time of the Merger, each outstanding option to purchase i2 common stock was canceled and converted into the right to receive the merger consideration with respect to the number of shares of i2 common stock that would have been issuable upon a net exercise of such option, and each outstanding restricted stock unit award became fully vested (except that if the applicable award agreement provided that a lesser percentage became vested upon consummation of the Merger, such award only became vested as to such lesser percentage) and was canceled, and the holder of such award became entitled to receive the applicable merger consideration for each share of i2 common stock into which the vested portion of the award would otherwise have been convertible.
     On November 5, 2009, JDA filed a copy of the Merger Agreement, and other related agreements, with the Securities and Exchange Commission (the “SEC”) on a Current Report on Form 8-K, and the Merger Agreement is incorporated into this Current Report on Form 8-K by this reference. JDA has also filed with the SEC a Registration Statement on Form S-4 (File No. 333-163215), as amended, containing a prospectus of JDA and a proxy statement of i2, and each of JDA and i2 have filed with the SEC other documents regarding the Merger. The proxy statement/prospectus was mailed to stockholders of i2 on or about December 28, 2009. A copy of JDA’s news release announcing, among other things, completion of the Merger is attached hereto as Exhibit 99.1 and is incorporated herein by this reference.
Item 9.01. Financial Statements and Exhibits.
     (c) Exhibits
     
Exhibit No.   Description
2.1
  Agreement and Plan of Merger dated November 4, 2009, by and among JDA Software Group, Inc., i2 Technologies, Inc. and Alpha Acquisition Corp. (incorporated by reference to Exhibit 2.1 of JDA’s Current Report on Form 8-K filed on November 5, 2009)*
 
   
99.1
  News release for JDA Software Group, Inc., dated January 28, 2010
 
*   Certain schedules have been omitted and JDA agrees to furnish supplementally to the SEC a copy of any omitted schedule upon request.

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
Date: January 28, 2010  JDA Software Group, Inc.
 
 
  By:   /s/ Hamish N. Brewer    
    Hamish N. Brewer   
    President and Chief Executive Officer   
 

 

EX-99.1 2 p16774exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
     
Ÿ   JDA Investor Relations Contact:
Ÿ     JDA Software Group, Inc.   Mike Burnett
Ÿ     NEWS RELEASE   GVP, Treasury and Investor Relations
Ÿ   Tel: 480-308-3392

    JDA Public Relations Contact:
    Beth Elkin
    Sr. Director, Corporate Communications
    Tel: 469-357-4225
JDA Software Completes Acquisition of i2 Technologies
     JDA Strengthens Market Position with More Than 6,000 Global Customers, Offering Unparalleled Supply Chain Optimization Solutions Spanning from Materials to the Consumer
Scottsdale, Arizona – January 28, 2010 JDA ® Software Group, Inc. (NASDAQ:JDAS) today announced that it has completed the acquisition of i2 Technologies, Inc. (NASDAQ: ITWO) in a transaction valued at approximately $604 million, or $19.79 per common share. By finalizing the acquisition, JDA solidifies its position as one of the world’s leading providers of supply chain management and pricing solutions with the addition of i2’s 400-plus customers and robust, patented manufacturing, supply chain, retail and transportation solutions. This acquisition brings together two market leaders, resulting in JDA’s ability to provide the most comprehensive, integrated supply chain offering, spanning from materials to the consumer. Together, the combined company’s customer base comprises more than 6,000 companies worldwide in the discrete and process manufacturing, wholesale distribution, transportation, retail and services industries.
          “With the close of the i2 acquisition, we’ve achieved an exciting milestone and an important and consistent next step in our strategy of becoming the foremost end-to-end supply chain solutions provider. JDA’s and i2’s combined resources, talent and track record create a platform for accelerated innovation, expanded service and support, and improved delivery of the results that matter most to our customers,” said JDA Chief Executive Officer Hamish Brewer. “The addition of i2 doubles JDA’s market for advanced planning and optimization solutions in all targeted manufacturing verticals, enabling us to address the complexities of discrete manufacturing, complement our leadership in process manufacturing, strengthen our presence in transportation and increase traction in Tier 1 and Tier 2 markets. Backed by financial strength, an impressive customer base and our unmatched services and solutions offerings, we believe that the new JDA is the world’s most comprehensive supply chain software company.”
          “With near-term synergies in operations, administrative functions and infrastructure costs expected to produce annual savings of approximately $20 million, we anticipate that the acquisition will significantly improve operational leverage and produce strong financial results going forward,” added Brewer.
          The potential realized through the combination of these two supply chain leaders is already resonating in the marketplace.
          “With its acquisition of i2, JDA is now the leading solutions provider focused on delivering world-class software and services across the global supply chain,” said Bill Bryan, director of supply chain and supply chain economics, at The Timken Company, a global manufacturer of highly engineered bearings, alloy steels and related components and assemblies. “JDA plus i2 is a powerful combination. As a long-time customer of both companies and an active member and chairman of the i2 User Group, I am looking
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JDA Software Group Completes Acquisition of i2 Technologies
forward to learning more about the substantial value that the new combined company can deliver to businesses worldwide.”
Executive and Senior Management Appointments
          As part of the acquisition, former i2 executives Aditya Srivastava and Kelly Thomas will join JDA’s executive and senior management team. Srivastava is the combined company’s Senior Vice President and Chief Technology Officer and Thomas is Senior Vice President, Manufacturing. JDA also promoted Namita Dhallan to Chief Product Officer and Salil Joshi to Regional Vice President of JDA’s Center of Excellence in India. For more information about JDA’s executive and senior management team, please visit http://www.jda.com/company/executives.html.
Financial Terms of the Acquisition
          Under the terms of the merger agreement, each issued and outstanding share of i2’s common stock was converted into the right to receive $12.70 per share in cash and 0.2562 shares of JDA common stock with a combined value equal to $19.79 per share (“common stock merger consideration”) based on JDA’s closing stock price on Jan. 27, 2010. Each issued and outstanding share of i2’s Series B Convertible Preferred Stock was converted into the right to receive $1,101.92 per share in cash, which includes accrued and unpaid dividends through the closing date. In addition, the vesting of all outstanding i2 stock options and substantially all restricted stock units was accelerated and the holders of such equity awards were entitled to receive the common stock merger consideration less any exercise price of such equity awards.
          JDA used the proceeds from its previously issued $275 million senior notes offering and a portion of the companies’ combined cash balances at closing to fund the cash obligations under the merger agreement and related transaction expenses.
          Goldman Sachs acted as exclusive financial advisor to JDA and DLA Piper US LLP acted as JDA’s legal counsel. Thomas Weisel Partners acted as exclusive financial advisor to i2 and Munsch Hardt Kopf & Harr, P.C. acted as i2’s legal counsel.
JDA 2010 Outlook Conference Call
          JDA has scheduled an analyst call on Tuesday, Feb. 16, 2010 at 11 a.m. EST to discuss its 2010 Outlook. A live audio webcast of the conference call can be accessed by logging onto www.jda.com in the Investor Relations section. To listen to the conference call via telephone, dial 1-877-941-4774 (United States) or 1-480-629-9760 (international) and ask the operator for the “JDA Software Group, Inc. 2010 Outlook Conference Call.” Participation will be in listen-only mode. A replay of the conference call will be available beginning at approximately 2 p.m. EST on Feb. 16 through Feb. 28. To hear a replay of the call over the Internet, go to www.jda.com.
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JDA Software Group Completes Acquisition of i2 Technologies
          JDA’s 2010 Outlook press release is expected to be issued the morning of Feb. 16 and will be available online at www.jda.com.
About JDA Software Group, Inc.
          JDA® Software Group, Inc. (NASDAQ: JDAS) is a leading global provider of innovative supply chain management and pricing excellence solutions. JDA empowers more than 6,000 companies of all sizes to make optimal decisions that improve profitability and achieve real results in the discrete and process manufacturing, wholesale distribution, transportation, retail and services industries. With an integrated solutions offering that spans the entire supply chain from materials to the consumer, JDA leverages the powerful heritage and knowledge capital of acquired market leaders including i2 Technologies®, Manugistics®, E3®, Intactix® and Arthur®. JDA’s multiple service options provide customers with flexible configurations, rapid time-to-value, lower total cost of ownership and 24/7 functional and technical support and expertise. To learn more, visit www.jda.com or e-mail info@jda.com.
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“Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995
          This press release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 about JDA Software Group, Inc and i2 Technologies, Inc. Forward-looking statements are generally accompanied by words such as “will,” and “expect” and other words with forward-looking connotations. In this press release, such forward-looking statements include, without limitation, Mr. Brewer’s statement that we expect to achieve approximately $20 million in near-term synergies. The occurrence of future events may involve a number of risks and uncertainties, including risks detailed from time to time in the “Risk Factors” section of our filings with the Securities and Exchange Commission. Additional information relating to the uncertainty affecting our business is contained in our filings with the SEC. As a result of these and other risks, actual results may differ materially from those predicted. JDA is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
JDA Software Group
14400 North 87th Street
Scottsdale, AZ 85260

 

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