December 14, 2012, Atlanta, GA – RP Crown Acquisition Sub, LLC (an affiliate of RedPrairie) announced that it has extended the expiration date of its cash tender offer for shares of common stock of JDA Software Group, Inc. (NASDAQ: JDAS) (“JDA”) until 11:59 p.m., New York time, on Thursday, December 20, 2012. The tender offer was previously scheduled to expire at 11:59 p.m., New York time, on December 13, 2012. The tender offer was extended in the ordinary course while RP Crown Parent, LLC completes its financing for the transaction. All other terms and conditions of the tender offer remain unchanged.
As previously announced, pursuant to the merger agreement among RP Crown Acquisition Sub, LLC, RP Crown Parent, LLC and JDA, RP Crown Acquisition Sub, LLC commenced a tender offer on November 15, 2012 to acquire all of the outstanding shares of common stock of JDA for $45.00 per share, net to the seller in cash without interest and less any required withholding taxes.
The depository for the tender offer has advised that as of 5:00 p.m., New York time on December 13, 2012, 40,552,097 shares of JDA common stock (including 2,291,583 shares of JDA common stock subject to notices of guaranteed delivery) were validly tendered and not withdrawn from the tender offer.
Greenhill & Co. is serving as financial advisor to RedPrairie and dealer manager for the tender offer, and Fried, Frank, Harris, Shriver & Jacobson LLP is acting as legal counsel. Credit Suisse also served as a financial advisor to RedPrairie.
RedPrairie Contact Information:
Shahed Larson / Charlotte McCrum
+1 (212) 333-3810
+1 (800) 322-2885
For more than 35 years, RedPrairie’s best-of-breed supply chain, workforce and all-channel retail solutions have put commerce in motion for the world’s leading companies. Installed in over 60,000 customer sites across more than 50 countries, RedPrairie solutions adapt to help ensure visibility and collaboration between manufacturers, distributors, retailers and consumers. RedPrairie is prepared to meet its customers’ current and future demands with multiple delivery options, flexible architecture and 24/7 technical and customer support. For a world in motion, RedPrairie is commerce in motion.
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