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| ITWO > SEC Filings for ITWO > Form 8-K on 4-Dec-2008 | All Recent SEC Filings |
4-Dec-2008
Termination of a Material Definitive Agreement, Other Events, Financial State
On December 3, 2008, i2 Technologies, Inc. ("i2") terminated its previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated as of August 10, 2008 with JDA Software Group, Inc. ("JDA") and Iceberg Acquisition Corp., a wholly-owned subsidiary of JDA. i2's board of directors did not believe the merger or an acceptable alternative transaction with JDA could be finalized. JDA has not provided consent to disclosure of any discussions between the parties. In connection with the termination of the Merger Agreement, i2 expects to receive the non-refundable termination fee of $20 million from JDA within three business days.
A description of the terms of the Merger Agreement was included in Item 1.01 of the Current Report on Form 8-K filed by i2 on August 12, 2008 and, to the extent required by Item 1.02 of Form 8-K, that description is incorporated by reference in this Item 1.02 pursuant to General Instruction B.3 of Form 8-K.
A copy of the press release issued by i2 on December 4, 2008 with respect to the termination of the Merger Agreement is filed herewith as Exhibit 99.1, and is incorporated herein by reference.
99.1 Press Release dated December 4, 2008
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