Report: JDA Software for Sale

JDA Software (Nasdaq: JDAS  ) is exploring a sale, Reuters is reporting. Citing people "familiar with the matter" that it did not name, the news agency said yesterday that the company has retained JPMorgan Chase (NYSE: JPM  ) to advise it in the transaction, and that the process was at an "advanced stage."

JDA Software's market capitalization currently stands at around $1.45 billion. Its shares trade just below their one-year high. The company posted a net profit of $10.6 million on revenue of $169 million in 2Q. It recently rescheduled its 3Q earnings release from Oct. 30 to Nov. 5.

Eric Volkman has no positions in the stocks mentioned above. The Motley Fool owns shares of JPMorgan Chase & Co. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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