Wolf Haldenstein Investigates i2 Technologies, Inc. Proposed Acquisition.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP LLP - Lower Layer Protocol is investigating possible breaches of fiduciary duty Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary legal duty - acts which the law requires be done or forborne by the Board of Directors of i2 Technologies, Inc. ("i2" or the "Company") [NYSE NYSE See: New York Stock Exchange :ITWO ITWO I2 Technologies (stock abbreviation, AMEX) ] arising out of the proposed acquisition of i2 by JDA Software JDA Software Group, Inc. is a demand and supply chain partner to the world’s leading retailers, manufacturers and suppliers and is located in Scottsdale, AZ. History Jim Armstrong, co-founded the U.S.-based JDA Software in 1985. Group, Inc. ("JDA JDA Japan Defense Agency JDA Joint Development Agreement JDA Janne da Arc (band) JDA Joint Duty Assignment JDA Jerusalem Development Authority JDA Jovian Detention Authority (gaming) "). On Thursday, November 5, 2009, i2 announced that it had agreed to be acquired by JDA in a deal that may be structured in one of two ways. Under the intended structure, JDA would raise $275 million in unsecured financing that would put i2's purchase price at about $18 a share, with current i2 shareholders getting about $12.70 in cash and about a quarter-share of JDA stock for each i2 share. If JDA cannot raise the funds, an alternative structure would give i2 shareholders less cash and more shares of JDA. The deal's financial structure includes the purchases of the shares for $434 million, along with an agreement to retire about $121 million in debt. JDA would then get back about $160 million in i2's cash on hand when the deal closes, putting the value of the deal at $396 million. However, the Company may not have adequately shopped itself around before entering into this transaction and, pursuant to this transaction, JDA may be underpaying for i2, thus unlawfully harming i2 shareholders. Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm. If you own i2 Technologies common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact: Gustavo Bruckner or Derek Behnke Wolf Haldenstein Adler Freeman & Herz LLP 270 Madison Avenue New York, New York 10016 Phone Numbers: (800) 575-0735 (212) 545-4600 Email: bruckner@whafh.com Classmember@whafh.com Website: http://www.whafh.com Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome. |
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