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merger and acquisition
by ehsan on December 14, 2008

The negotiations began in August and the companies were soon praised in business press for doing such a deal. According to Managing Automation, at the time, JDA offered to buy i2 for $346 million. But in early November, as i2 shareholders prepared to meet for a vote on the acquisition, JDA pleaded for an adjournment, saying it was having difficulty securing the needed financing. JDA asked i2 officials to return to the bargaining table to negotiate a lower purchase price.
But the idea doesn't seem interesting enough to i2: "i2 is a tremendous company with excellent customers, employees, and a strong financial position with significant cash balances," said Jackson L. Wilson Jr., executive chairman of i2's board of directors, in a statement, "And the company will not walk away empty-handed".
Permalink: JDA and i2 merger won't happen
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