Logility set for Q2 acquisition by Aptean

ATLANTA, GA – Logility Supply Chain Solutions, Inc. (NASDAQ:LGTY), a provider of prepackaged software services, announced today that its merger with Aptean, Inc. has cleared a major regulatory hurdle. The merger, initially disclosed on January 24, 2025, received clearance under the United Kingdom (TADAWUL:4280) National Security and Investment Act 2021 on Monday. This approval meets one of the necessary conditions for the acquisition to proceed. According to InvestingPro data, Logility enters this merger from a position of financial strength, with more cash than debt on its balance sheet and its stock trading near its 52-week high of $14.26.

The merger, which is structured as a takeover of Logility by Aptean through its subsidiary, Update Merger Sub, Inc., is now expected to close in the second quarter of 2025. Completion of the merger remains subject to other customary closing conditions, including the approval of Logility’s shareholders. For deeper insights into Logility’s financial health and merger implications, InvestingPro subscribers can access comprehensive analysis and additional ProTips in the detailed Pro Research Report.

The strategic alignment is anticipated to enhance the combined entity’s capabilities in the supply chain management software market. Logility, which was formerly known as American Software Inc. before a name change in 1992, operates from its headquarters in Atlanta, Georgia.

As the transaction moves forward, Logility has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) on March 4, 2025, regarding a special meeting of its shareholders to vote on the merger. With a market capitalization of $479.4 million and a remarkable 23-year track record of consecutive dividend payments, shareholders are urged to review all relevant documents, including the proxy statement, to fully understand the implications of the proposed transaction.

The forward-looking statements in the SEC filing caution that various factors could affect the anticipated outcomes of the merger, including economic conditions, market acceptance, competitive pressures, and the risks associated with integrating new products and services.

Investors can access the proxy statement and other relevant documents filed with the SEC at www.sec.gov, Logility’s website at www.logility.com, or by requesting them directly from the company.

This news is based on a press release statement and reflects the latest step in the merger process between Logility and Aptean. InvestingPro subscribers can access additional metrics, including detailed financial health scores and future earnings forecasts, along with 10+ exclusive ProTips that provide deeper insights into Logility’s business fundamentals and merger prospects.

In other recent news, Logility Supply Chain Solutions, Inc. is moving forward with its acquisition by Aptean, Inc. after a key regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act. This development is a significant step toward finalizing the merger, which is expected to conclude in the second quarter of 2025, pending further approvals. Logility has terminated discussions with an unnamed bidder and reaffirmed its commitment to the Aptean deal, which offers shareholders $14.30 per share in an all-cash transaction. The Board of Directors continues to recommend that shareholders support the Aptean acquisition. Financial advisory for the transaction is being provided by Lazard (NYSE:LAZ), with legal counsel from Jones Day. Aptean’s offer represents a substantial premium over Logility’s previous share prices, reflecting a 27.0% increase over the January 23, 2025, closing price. The acquisition aims to enhance Aptean’s portfolio by integrating Logility’s AI-enhanced supply chain solutions. Both companies have expressed optimism about the benefits of the merger for their clients and ongoing innovation efforts.

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