Private Equity Firm Said to Be Near a Deal to Acquire $JDAS for $45 Per Share

“Private-equity firm New Mountain Capital LLC is nearing a deal to buy business-software provider JDA Software Group Inc., JDAS +12.47% people familiar with the matter said.

New Mountain is expected to pay around $45 a share, or roughly $1.9 billion, for JDA, one of the people said. The final negotiations are ongoing and a deal could still fall apart.

The Scottsdale, Ariz.-based company’s software helps businesses manage their supply chains electronically.

New Mountain already owns a supply chain-management software provider, RedPrairie Holding Inc. Given this expertise, it could seek to combine the two businesses.

Shares of JDA rose 12% Wednesday after Reuters reported earlier in the week the company was exploring a sale, closing at $38.15 on the Nasdaq Stock Market NDAQ +0.04% .”

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