Is JDA Software for sale?
Nadia Damouni of Reuters is reporting that Scottsdale-based JDA Software may be up for sale:
Enterprise technology maker JDA Software Group Inc is exploring a sale and has hired JPMorgan Chase & Co to advise on the process, people familiar with the matter said.
The sale process is at an advanced stage. The company has received interest from multiple parties, including private equity firms and strategic buyers, the sources said.
Based on the closing price of JDA’s stock as of Friday (the stock market has been closed due to hurricane Sandy this week), the current market cap of the company is close to $1.5 Billion.