According to the companies, the offer represents a 33-percent premium to JDA's stock price on October 26, and a 16-percent premium to its all-time high. JDA specializes in applications for supply-chain planning, merchandising and pricing. RedPrairie focuses on warehousing, workforce management, store operations and electronic commerce. 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," the principals said.
JDA president and chief executive officer Hamish Brewer will serve as CEO of the newly combined company, while RedPrairie CEO Michael Mayoras will remain on the board of directors. The board will consist of current RedPrairie directors, in addition to Brewer, who is expected to join upon closing of the transaction, the companies said. The deal is conditioned on the tendering of at least 79 percent of JDA's outstanding shares, on a fully diluted basis, as well as regulatory approval.
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