This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders of i2 Technologies, Inc. 2009-11-06 13:03 ET - News Release
BALA CYNWYD, Pa. -- (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.
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