The Schiff business is expected to significantly enhance Bayer's presence and position in the United States, which accounts for more over-the-counter and nutritional products sales than any other country in the world.
Entities affiliated with RedPrairie will acquire all outstanding shares of JDA common stock for $45 per share. The offer price represents a 33 percent premium to JDAs stock price on October 26, 2012 the day before market rumors surfaced stating JDA was exploring a sale.
The Oklahoma City license will be completed shortly, and the first phase of the California transaction is expected to close in the first quarter of fiscal 2013.
By increasing the pace of its transformation, the company intends to more quickly realize its Growth Game Plan ambition of becoming a bigger, faster-growing, more-global, more-profitable Newell Rubbermaid.
The acquisitions strengthen the company as a leading provider of end-to-end trade promotion optimization and mobile field sales solutions, and expand its reach to over 40 global markets.
