Blackstone Group LP (BX) has offered to invest in JDA Software Group Inc., Reuters reported Tuesday, citing people familiar with the matter.

The potential transaction would include payment-in-kind financing and equity warrants that would give Blackstone a significant minority stake, Reuters reported.

A Reuters story on Aug. 8 said Honeywell International Inc. (HON) was in talks to buy JDA. The Wall Street Journal reported Monday that the parties were close to a deal.

JDA's majority owner is New Mountain Capital.

Full story at http://www.reuters.com/article/us-jdasoftware-m-a-blackstone-idUSKCN10R1UW

Write to nymonitoring@dowjones.com

(END) Dow Jones Newswires

August 16, 2016 14:51 ET (18:51 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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