Manhattan Associates Completes Acquisition of Evant

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INFORMATION: Free information is available from MANHATTAN ASSOCIATES on the subject in this story. Click here to request a copy

Manhattan Associates (NASDAQ: MANH), has announced that is has completed the acquisition of Evant, Inc., a provider of supply chain planning and replenishment solutions.

As stated in a press release dated August 11 announcing the signing of the definitive agreement, the transaction is expected to be approximately $0.02 dilutive to 2005 adjusted earnings per share for Manhattan Associates and $0.03 accretive to 2006 adjusted earnings per share. Initially the company expected the transaction to close on September 30. With the transaction now closed, some of the transition costs expected to be recognised in the fourth quarter will now be recognised in Manhattan Associates' third quarter. As a result, it is expected that the acquisition will have a $0.01 dilutive impact on the third quarter results and a $0.01 dilutive impact on the fourth quarter results. At this time, it is not possible to estimate the impact of the transaction under Generally Accepted Accounting Principles (GAAP) due to the need to complete an independent appraisal of the net assets being acquired and the related purchase accounting adjustments.

INFORMATION: Free information is available from MANHATTAN ASSOCIATES on the subject in this story. Click here to request a copy

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