i2 Technologies, Inc. Shareholder Update: Investigation

Shareholders Foundation, Inc., Mail@ShareholdersFoundation, www.ShareholdersFoundation.com

2009-11-06 20:01:48 - Investigation on behalf of investors i2 Technologies, Inc. (Public, NASDAQ:ITWO) shares over possible breach of fiduciary duty by the i2 Technologies board of directors – Contact us at mail@shareholdersfoundation.com

An investigation on behalf of current investors of i2 Technologies, Inc. (Public, NASDAQ:ITWO), who purchased the ITWO shares before November 05, 2009, over potential breaches of fiduciary duty and other violations of state law in connection with an alleged unfair takeover price was announced.

If you are currently an investor in shares of i2 Technologies, Inc. (Public, NASDAQ:ITWO), and purchased

the shares before November 05, 2009, and / or have additional information relating to the investigation, you should contact the Shareholders Foundation, Inc. at email: mail@shareholdersfoundation.com or at: +1 (858) 779 - 1554.

The investigation by a law firm focuses on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of i2 Technologies, Inc. arising out of their attempt to sell i2 Technologies, Inc. to JDA Software Group, Inc. On November 05, 2009 i2 Technologies, Inc. (NASDAQ: ITWO) and JDA Software Group, Inc. (NASDAQ: JDAS) announced the signing of a merger agreement for JDA Software to acquire i2 Technologies, Inc., for a value of approximately $396 million. Under the proposed agreement, under the condition to be able to raise approximately $275 million by December 18, 2009 JDA Software Group will convert each issued and outstanding share of i2 common stock into the right to receive approximately $12.70 in cash and 0.256x shares of JDA common stock or a combined value equal to $18.00 per share based on JDA's closing stock price on November 4, 2009. If JDA Software Group does not raise sufficient funds and meet the conditions necessary to complete the transaction under the Intended Structure, then each issued and outstanding share of i2 common stock will be converted into the right to receive approximately $6.00 in cash and 0.580x shares of JDA Software Group common stock with a combined value of $18.00 per share based on JDA's stock price on November 4, 2009. Under either the Intended Structure or the Alternative Structure, each issued and outstanding share of i2's Series B Convertible Preferred Stock will be converted into the right to receive $1,100.00 per share in cash, and will receive all accrued and unpaid dividends. i2 Technologies, Inc said that the Board of Directors of each company has approved the transaction.

But according to an investigation by a law firm “the transaction appears to be unfair” to current investors of i2 Technologies, Inc. (NASDAQ:ITWO) because the “offer to purchase i2 Technologies, Inc. (NASDAQ:ITWO) per share appears opportunistically timed to take advantage of the current economic downturn”. Shares of i2 Technologies, Inc. (NASDAQ:ITWO) traded at $17.85 per share after the announcement and at $16.68 per share the day before the news. i2 Technologies, Inc. (NASDAQ:ITWO) shares reached in 2007 over $26 per share. The investigation “concerns whether the i2 Technologies Board of Directors breach their fiduciary duties to i2 Technologies, Inc. (ITWO) shareholders by agreeing to sell i2 Technologies at an unfair price thereby harming i2 Technologies, Inc and its shareholders”, “whether the directors of i2 Technologies, Inc may have breached their fiduciary duties by not acting in ITWO shareholders' best interests”, and “the Company may not have adequately shopped itself around before entering into this transaction and, pursuant to this transaction, JDA Software Group, Inc. may be underpaying for i2 Technologies, thus unlawfully harming i2 Technologies (ITWO)shareholders.” I2 Technologies, Inc., located in Dallas, Texas, reported in 2007 Total Revenue of $260.31million with a Net Income of $17.73million and in 2008 Total Revenue of $255.81million with a Net Income of $109.81million, and is a provider of supply chain management solutions, consisting of various software and service offerings. In addition to application software, the Company offers software as a service. Its service offerings include business optimization and technical consulting, managed services, training, solution maintenance, software upgrades and development. Those who are currently an investor in shares of i2 Technologies, Inc. (Public, NASDAQ:ITWO), and purchased the shares before November 05, 2009, and / or have additional information relating to the investigation, should contact the Shareholders Foundation.