(Source: Business Wire)
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of i2 Technologies, Inc.
("i2" or the "Company") (Nasdaq: ITWO) relating to the proposed merger
with JDA Software Group, Inc. ("JDA") (Nasdaq: JDAS).
Under the proposed agreement, i2 shareholders will receive a combination
of approximately 0.256 shares of JDA common stock plus $12.70 in cash
for each share of i2 common stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state law
related to the i2 Board's approval of the proposed acquisition. The
merger agreement contains a $15 million termination fee and concurrently
with the execution of the merger agreement the directors and certain
executive officers of i2 agreed to vote in favor of the merger agreement
and against any other proposal or offer to acquire i2. This prevents
other buyers from making offers for the company that may have resulted
in increased compensation for the shareholders.
If you own shares of i2 and wish to discuss the legal ramifications of
the proposed acquisition, or have any questions, you may e-mail or call
the law office of Brodsky & Smith, LLC who will, without obligation or
cost to you, attempt to answer your questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two
Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com,
or by calling toll free 877-LEGAL-90.
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