Whats this????ITWH: Announces $15M Equity Investment by Q Investments [delayed]
Ridgeland, MS, JUN 29, 2005 (EventX/Knobias.com via COMTEX) --
i2 Technologies, Inc. (ITWH) announced that Q Investments, a private investment firm and one of i2's significant investors, has made a $15M equity investment in i2.
As a result of the investment, Q Investments acquired an additional 1,923,077 shares of the company's common stock priced at $7.80 per share, the closing price on June 23 when the investment was approved by the i2 Board of Directors. This investment increased Q Investments' equity holdings in i2 to approximately 7.6M shares, representing just over 30% ownership of the company on an as converted basis.
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