SUPPLY CHAIN

JDA and RedPrairie to merge

BY Staff Writer

Atlanta — RedPrairie and JDA Software, providers of enterprise software and services for the extended supply chain, have entered into a definitive merger agreement. 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.

Under the terms of the merger agreement, entities affiliated with RedPrairie will effect a cash tender offer to acquire all outstanding shares of JDA common stock for $45 per share. The $45 per share offer price represents a 33% premium to JDA’s stock price on Oct. 26 – the day before market rumors surfaced stating JDA was exploring a sale. The board of directors of JDA has approved the transaction, which will create one of the largest global software companies with combined revenues of over $1 billion.

Following completion of the transaction, Hamish Brewer, president and CEO of JDA, is expected to lead the combined company as its CEO.

RedPrairie’s CEO, Michael Mayoras will remain on the board of the combined company.

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M.Donovan says:
Apr-12-2013 08:22 am

these will be the best
these will be the best alternative for both... at least that is my personal opinion! web-page

M.Donovan says:
Apr-12-2013 08:22 am

these will be the best alternative for both... at least that is my personal opinion! web-page

P.Lopez says:
Apr-04-2013 06:51 pm

chatrandom
The board of directors of JDA has approved the transaction, which will create one of the largest global software companies with combined revenues of over. chatrandom

P.Lopez says:
Apr-04-2013 06:51 pm

The board of directors of JDA has approved the transaction, which will create one of the largest global software companies with combined revenues of over. chatrandom

D.Spencer says:
Mar-21-2013 07:46 pm

Mergers are some of the most
Mergers are some of the most advised movements of the moment. On a small scale, things follow a simple pattern. Why own the printer factory when you can also acquire the team that would maintain your printer? Integrated services are the leading trends of tomorrow.

D.Spencer says:
Mar-21-2013 07:46 pm

Mergers are some of the most advised movements of the moment. On a small scale, things follow a simple pattern. Why own the printer factory when you can also acquire the team that would maintain your printer? Integrated services are the leading trends of tomorrow.

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FINANCE

NRF asks judge to reject swipe-fee settlement

BY Marianne Wilson

Washington — The National Retail Federation and more than a dozen of the nation’s most prominent retailers today asked a judge to reject a proposed class-action settlement of a federal antitrust lawsuit, saying it would not bring credit card swipe fees charged by Visa and MasterCard under control and does not give retailers who oppose it an adequate mechanism to opt out.

“The proposal pending before the court does nothing to keep these soaring fees from continuing to drive prices higher for American consumers, and would block merchants who believe in true swipe fee reform from ever having their day in court,” NRF senior VP and general counsel Mallory Duncan said. “While the remaining parties would like to treat preliminary approval as a routine procedural step, the court should recognize that this settlement is so legally flawed it cannot be tweaked into fairness.”

“We question whose interests are being served here – merchants and their customers or the card companies and lawyers,” Duncan continued. “Instead of improving the situation, the proposed settlement would cast in stone the very problems that need to be fixed. And while the settlement gives pennies on the dollar to merchants, it seeks three-quarters of a billion dollars for the lawyers involved. Sophisticated retailers who have scrutinized the tentative deal realize it provides relief for no one, and don’t want this blatant endorsement of the credit card industry’s abuses pushed on them or their customers.”

Nine mostly small merchants supporting the settlement filed a motion with U.S. District Court Judge John Gleeson in Brooklyn, N.Y., on Oct. 19 asking for preliminary approval of the proposal, and oral arguments are scheduled for Nov. 9. Preliminary approval would begin a months-long process in which all retailers who accept Visa and MasterCard credit cards would be sent notices giving them the opportunity to either accept the settlement or opt out of part of it.

Arguments on the merits of the settlement and whether it should be given final approval would not begin until sometime next year. NRF argued in a brief filed Thursday that preliminary approval should be denied, saying the settlement cannot legally be certified as a class action because it attempts to force a one-size-fits-all solution onto a wildly diverse group of merchants.

NRF also argued that a provision barring all retailers – including those who opt out of the settlement and even those who do not yet exist – from filing future lawsuits over swipe fees is impermissibly broad under federal law.

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OPERATIONS

Sears and Kmart to open on Thanksgiving

BY Staff Writer

Hoffman Estates, Ill. — Sears Holdings announced that both Sears and Kmart stores will be open on Thanksgiving Day. The company said its made the decision based in part on feedback from members of its Shop Your Way loyalty program, who sought more flexible Black Friday in-store shopping times and eagerness to shop doorbuster deals.

Sears stores will open at 8 p.m. local time on Thanksgiving Day and stay open overnight until 10 p.m. on Black Friday. Kmart stores will be open from 6 a.m. local time until 4 p.m. and from 8 p.m. to 3 a.m. on Thanksgiving Day, and reopen from 5 a.m. to 11 p.m. on Black Friday.

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