Logility Acquired by Aptean for $14.30/share

By Bobby Samwell • Monday, April 07 06:00 • Permanent Link

Logility Supply Chain Solutions, Inc. (Nasdaq: LGTY) has announced the completion of its acquisition by Aptean, Inc. for $14.30 per share in cash. The acquisition, which was approved by Logility shareholders, resulted in Logility's shares of common stock no longer being listed on The Nasdaq Global Select Market or any other public market.

Logility, a leading provider of AI-first supply chain management solutions, has over 500 clients in 80 countries and is headquartered in Atlanta, GA. Aptean, on the other hand, is a global provider of industry-specific software headquartered in Alpharetta, Georgia.

The acquisition saw Logility being advised by Lazard as its financial advisor, with Jones Day serving as legal counsel. Aptean, on the other hand, was advised by Orrick as its legal counsel.

The press release did not include specific financial metrics or performance indicators. The market has reacted to these announcements by moving the company's shares 0.1% to a price of $14.29. If you want to know more, read the company's complete 8-K report here.

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