Logility Supply Chain Solutions, Inc. (Nasdaq: LGTY) has officially been acquired by Aptean, Inc. for $14.30 per share in cash. This acquisition, which was initially announced on January 24, 2025, has now been completed as Logility shareholders approved the deal on April 3, 2025. Consequently, Logility's shares of common stock will no longer be listed on The Nasdaq Global Select Market or any other public market.
Lazard served as the financial advisor to Logility, and Jones Day provided legal counsel. Meanwhile, Orrick acted as legal counsel to Aptean in this acquisition.
Logility, a leading provider of AI-first supply chain management solutions, operates with over 500 clients across 80 countries and is headquartered in Atlanta, GA. On the other hand, Aptean is a global provider of industry-specific software, with its headquarters in Alpharetta, Georgia, and offices in North America, Europe, and Asia-Pacific.
Following this acquisition, it is crucial to analyze the financial performance of both Logility and Aptean. Specifically, the change in key metrics such as revenue, net income, and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) from the last reported period would provide insights into the impact of this acquisition on the financial health of both companies. The market has reacted to these announcements by moving the company's shares 0.1% to a price of $14.29. For the full picture, make sure to review Logility Supply Chain Solutions's 8-K report.
