JDA Software Buys Back Preferred Stock; Shares Up
Stock quotes in this article:
JDAS
SCOTTSDALE, Ariz. (AP) — JDA Software Group Inc. said Wednesday it has repurchased all of its series B convertible preferred stock.
The company, which makes software for retailers to manage their inventories, said it bought about 19,000 of the shares from funds affiliated with Thoma Bravo LLC for roughly $30 million. The preferred stock was issued to finance JDA's 2006 acquisition of Manugistics. JDA shares climbed $2.17, or 11 percent, to $21.77 in afternoon trading Wednesday.- Loading Comments...
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