JDA Software (JDAS) Taps Advisor to Explore Potential Sale
Tweet Send to a FriendGet Alerts JDAS Hot Sheet
Trade JDAS Now!
JDA Software Group Inc. (Nasdaq: JDAS) may be up for sale, according to reports out late Monday night.
Reuters says that the enterprise software maker has tapped J.P. Morgan as an advisor in a potential sale. Sources also said the JDA has received indications of interest from "multiple parties."
As of the close last Friday, JDA claims a market cap of about $1.5 billion. Shares have been trading near multi-year highs, having only reported a better stock price in May 2011.
Last March, Praesidium Investment Management Company LLC disclosed taking a stake in the company, gradually increasing that stake to 8.9 percent as of its latest filing. No word on whether or not the private equity firm would be a front-runner for a potential takeover of JDA.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Reuters says that the enterprise software maker has tapped J.P. Morgan as an advisor in a potential sale. Sources also said the JDA has received indications of interest from "multiple parties."
As of the close last Friday, JDA claims a market cap of about $1.5 billion. Shares have been trading near multi-year highs, having only reported a better stock price in May 2011.
Last March, Praesidium Investment Management Company LLC disclosed taking a stake in the company, gradually increasing that stake to 8.9 percent as of its latest filing. No word on whether or not the private equity firm would be a front-runner for a potential takeover of JDA.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: ViroPharma (VPHM) on the Move Following Takeover Chatter - Reuters
- UPDATE: SolarCity (SCTY) on Watch as Negative Research Hits
- AMD (AMD) on Watch after Executive Shift at Largest Customer (HP)
Create E-mail Alert Related Categories
Private Equity, Rumors, Trader TalkRelated Entities
JPMorgan
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
