Demand chain software and services supplier JDA Software faces a battle to complete its acquisition of QRS after two other companies topped its offer, which is currently worth $5.23 a share.
The latest bid, for $6.25 a share in cash, comes from a privately held company and is subject to due diligence. For the moment, QRS directors are sticking to their recommendation to accept the JDA bid, and cannot predict whether any of the other bids will proceed or be superior to the JDA bid.
The main attraction of QRS is that it provides one of the largest electronic product catalogues in North America with over 100 million items, and enables buyers and sellers to comply in electronic data exchange by synchronizing product information and automating collaborative processes.
