Jda Software Group (JDAS), the provider of enterprise software solutions, announced on Thursday that it will merge with RedPrairie. Under terms of the deal, RedPrairie will acquire all outstanding shares for $45 in cash. Shares of Jda rose almost 31% over the past week.
The Deal
Jda Software announced that it will be taken private by privately-held RedPrairie. Under the terms of the merger agreement, RedPrairie will pay $45 in cash for Jda. This values the firm at roughly $1.9 billion. The deal represents a 33% premium compared to the stock price before rumors surfaced the market that Jda was contemplating a possible sale of the company.
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