Pursuant to the final agreement, i2 acquired all of the outstanding capital stock of Trade Service Corporation and EC-Content, Inc. for an aggregate purchase price of approximately $99.5 million, less certain of the associated liabilities of the companies.
The total purchase price includes approximately $5 million in cash, 800,000 shares of i2 common stock, and a 7.5% promissory note convertible, at the option of either party, into additional shares of i2 common stock. The note matures in two and one-half years. The 800,000 shares issued at closing will be registered for resale with the U.S. Securities and Exchange Commission. The transaction is being accounted for using the purchase method.
