Thursday, December 4, 2008

i2 Abandons JDA Merger

Dallas-based i2 Technologies said today that the firm has abandoned its efforts to merge with JDA Software Group, and a related merger with Iceberg Acquisition Corp. Reason for the termination of the merger was not disclosed. i2 said that it expects to receive a $20M, non-refundable termination fee from JDA software within three business days. JDA Software had said in August that it would pay $346M in cash for i2, combining the two supply chain applications developers.