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JDA Software to Buy Manugistics

Stock quotes in this article: JDAS , MANU  

JDA Software (JDAS Quote) has agreed to acquire supply-chain software maker Manugistics (MANU Quote) in a deal that values the company at $211 million.

Under the terms of the transaction, JDA will pay $2.50 for each Manugistics share. JDA said the acquisition will enhance its ability to provide software and services to manufacturers, wholesalers, distributors and retailers.

Shares of Manugistics have traded between $1.47 and $2.53 in the last year. The stock closed Monday at $2.35 in regular trading but rose 4.7% to $2.47 after hours. JDA sank $1.59, or 10.6%, from its 4 p.m. EDT close to $13.41 in extended trading. ...

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