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November 9, 2008

i2 Technologies says that its shareholders have approved the proposed merger with JDA Software Group, a provider of supply chain software solutions.

About 80.1 percent of the total shares outstanding and entitled to vote at the special meeting of stockholders voted in favour of the merger, while about 98.9 percent of the shares voted were cast in favour of the merger.

i2 Technologies received a written proposal from JDA after the meeting, which the board of directors reviewed and decided not to pursue as it was not considered to be in the best interest of i2's stockholders.

JDA had originally wanted the company to amend the common share consideration in the merger agreement to below US $14.86 per share, i2 said.

So far, all of i2's conditions to closing the existing merger agreement have been completed and the company said it expects that JDA will also fulfill its remaining obligations.

But there is still no guarantee that the two parties will be able to complete the transaction under the merger agreement, despite the approval by i2's stockholders.

We expect to get more news from i2 later in the week of Nov. 17.

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Source: i2 Technologies Inc.