Logility ends talks with bidder, backs Aptean buyout deal

ATLANTA - Logility Supply Chain Solutions, Inc. (NASDAQ:LGTY), a provider of AI-first supply chain management software, has terminated discussions with an unnamed entity that had previously submitted an unsolicited non-binding proposal to acquire all outstanding shares of Logility. This proposal, announced on March 7, 2025, has been officially withdrawn by the bidder. The company’s stock is currently trading at $14.19, near its 52-week high of $14.23, reflecting strong investor confidence in the company’s direction.

Following the withdrawal, Logility reaffirmed its commitment to the definitive agreement with Aptean, Inc., which offers shareholders $14.30 per share in an all-cash transaction. The Board of Directors continues to recommend that shareholders vote in favor of the Aptean acquisition. According to InvestingPro data, Logility maintains a strong financial position with a current ratio of 1.99, indicating healthy liquidity to meet its short-term obligations.

Financial advisory services for Logility in this transaction are provided by Lazard, with legal counsel from Jones Day.

Logility, headquartered in Atlanta, GA, serves over 500 clients across 80 countries. Its AI-driven supply chain management solutions aim to transition from traditional reactive processes to proactive strategies, combining human and machine intelligence to prepare for future challenges. The company asserts that its integrated platform enables clients to respond to uncertainty with informed decisions, transforming supply chains into growth engines. With a market capitalization of $478 million and a consistent 23-year track record of dividend payments, currently yielding 3.1%, Logility demonstrates strong shareholder commitment. InvestingPro subscribers can access 11 additional key insights and a comprehensive Pro Research Report, offering deep analysis of Logility’s financial health and growth prospects.

The press release includes forward-looking statements, which are subject to various risks and uncertainties that could cause actual results to differ materially from those projected. These statements are based on current expectations and are not guarantees of future performance.

In connection with the proposed transaction, Logility has filed a definitive proxy statement with the SEC on March 4, 2025, which is available to shareholders for review. Shareholders are encouraged to read these materials carefully before making any voting decisions.

The information in this article is based on a press release statement from Logility Supply Chain Solutions, Inc.

In other recent news, Aptean has announced its agreement to acquire Logility Supply Chain Solutions, Inc. in an all-cash transaction valued at $14.30 per share. This acquisition represents a significant premium over Logility’s previous closing share prices, marking a 27.0% increase over the January 23, 2025, closing price and a 34.1% premium over the 30-day volume-weighted average price before December 6, 2024. The decision to sell to Aptean was unanimous by Logility’s Board after a comprehensive auction process, aiming to maximize shareholder value. Meanwhile, Logility has declined to comment on market rumors, maintaining its policy on speculative narratives. The company emphasized the challenges of integrating acquired product lines and the importance of strategic alliances. Logility also highlighted potential risks and uncertainties that could impact its future performance, as detailed in its SEC filings. These developments reflect ongoing changes and strategic moves within the company.

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