Reuters - JDA Software Group to be Sold in $1.9B Deal

JDA Software Group Inc., a maker of supply-chain management software, agreed to be bought by privately held rival RedPrairie for about $1.9 billion in cash. The $45 per-share offer represents an 18 percent premium over JDA's Wednesday close. JDA shares, which closed at $38.15 on the Nasdaq, rose to $44.76 on Thursday morning. Reuters reported on Monday, citing sources, that JDA was exploring a sale and had hired JPMorgan Chase & Co. as adviser.

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