Manugistics gets tenders for $173.95 million of 5% convertibles

By Laura Lutz

Des Moines, July 6 - Manugistics Group Inc. received tenders for $173.954 million or approximately 99% of its 5% convertible subordinated notes due November 2007, the company announced in a press release.

Manugistics will pay $1,000 for each $1,000 principal amount note, plus accrued interest.

According to the company, $1.546 million of the notes remain outstanding.

Manugistics announced the offer on June 2. It was originally slated to expire at 9 a.m. ET on July 5, but on June 27 it was extended to 5 p.m. ET on July 5.

The tender was being carried out alongside the acquisition of Manugistics by JDA Software Group, Inc.

Citigroup Corporate and Investment Banking is dealer manager for the tender (212 723-6106 or 800 558-3745). MacKenzie Partners, Inc. is the information agent (212 929-5500 or 800 322-2885).

Manugistics is a Rockville, Md.-based supplier of synchronized supply chain and revenue management systems.

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