XML 68 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events
9 Months Ended
Sep. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
Subsequent Events
Merger Agreement
On November 1, 2012, the Company announced that it has entered into an Agreement and Plan of Merger with RP Crown Parent, LLC and RP Crown Acquisition Sub, LLC ("Purchaser"), affiliates of RedPrairie which will result in the Company becoming a private company.
Under the terms of the merger agreement, which has been unanimously approved by the Company's Board of Directors, Purchaser will acquire all of the outstanding shares of the Company's common stock for $45.00 per share in cash and will commence a tender offer for all of the outstanding shares of the Company no later than November 15, 2012.
The transaction is conditioned upon, among other things, satisfaction of the minimum tender condition described in the merger agreement, the receipt of the Federal Trade Commission's approval under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, and other customary closing conditions.