JDA and RedPrairie to merge

Atlanta -- RedPrairie and JDA Software, providers of enterprise software and services for the extended supply chain, have entered into a definitive merger agreement. The combined entity will offer a broad portfolio of solutions and services to manage global supply chains -- from raw materials, to finished products, into the hands of consumers -- through any channel.
 
Under the terms of the merger agreement, entities affiliated with RedPrairie will effect a cash tender offer to acquire all outstanding shares of JDA common stock for $45 per share. The $45 per share offer price represents a 33% premium to JDA’s stock price on Oct. 26 – the day before market rumors surfaced stating JDA was exploring a sale. The board of directors of JDA has approved the transaction, which will create one of the largest global software companies with combined revenues of over $1 billion.
 
Following completion of the transaction, Hamish Brewer, president and CEO of JDA, is expected to lead the combined company as its CEO.

RedPrairie’s CEO, Michael Mayoras will remain on the board of the combined company.