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LGTY-News
LGTY-Events
Thirteen option delistings on April 22nd
Option delistings effective April 22nd include PAYCOR HCM INC. (PYCR), PACTIV EVERGREEN INC. (PTVE), Nevro Corp (NVRO), American Software, Inc. (LGTY), Intevac, Inc. (IVAC), Intra-Cellular Therapies Inc (ITCI), Gritstone Bio, Inc. (GRTSQ), Enfusion (ENFN), ENDEAVOR GROUP HOLDINGS INC. (EDR), Air Transport Services Group Inc. (ATSG), Altair Engineering Inc (ALTR), ACCOLADE INC (ACCD), and VOXX International Corp (VOXX).
Logility announces withdrawal of unsolicited proposal by bidder
Logility announced that the unsolicited non-binding proposal to acquire all outstanding shares of Logility's common stock, previously announced on March 7, has been withdrawn by the bidder. As a result, Logility has ceased discussions with the bidder regarding the unsolicited proposal. Logility's definitive agreement to be acquired by Apteanfor $14.30 per share in an all-cash transaction remains in full force and effect. The Logility board of directors reaffirms its existing recommendation that Logility's shareholders vote in favor of the transaction with Aptean.
Logility receives $15.00 per share cash unsolicited buyout proposal
Logility Supply Chain Solutions announced that it has received an unsolicited non-binding proposal to acquire all outstanding shares of Logility's common stock for $15.00 per share in cash. The Unsolicited Proposal remains subject to due diligence. Logility previously announced on January 24, that it had entered into a definitive agreement to be acquired by Aptean for $14.30 per share in an all-cash transaction. The Logility Board of Directors has determined that the Unsolicited Proposal would reasonably be expected to lead to a superior proposal under the terms of the Aptean Merger Agreement. As a result of the Logility Board of Directors' determination, Logility may, under the terms of the Aptean Merger Agreement, engage in discussions with the unsolicited bidder based on the Unsolicited Proposal and Logility intends to do so. The Aptean Merger Agreement remains in full force and effect, and the Logility Board of Directors reaffirms its existing recommendation that Logility's shareholders vote in favor of the transaction with Aptean. There can be no assurances that any definitive agreement or transaction will result from the Unsolicited Proposal or Logility's discussions with the unsolicited bidder. The Logility Board of Directors is not making any recommendation with respect to the Unsolicited Proposal at this time.
Logility reports Q3 adjusted EPS 14c, two estimates 8c
Reports Q3 revenue $25M, two estimates $25.09M.
Aptean to acquire Logility for $14.30 per share in all-cash deal
Aptean, a global provider of mission-critical enterprise software solutions backed by TA Associates, Insight Partners, Charlesbank Capital Partners, and Clearlake Capital Group, L.P.. announced that it has entered into a definitive agreement to acquire Logility Supply Chain Solutions. Under the terms of the agreement, Aptean will acquire all of Logility's outstanding common stock for $14.30 per share in an all-cash transaction. The per share purchase price represents a 27.0% premium to the January 23, 2025 Logility closing share price and a 28.4% premium to the 30-day volume-weighted average share price as of that date. In addition, the per share purchase price represents a 30.1% premium to the unaffected Logility closing share price on Friday, December 6, 2024, prior to 2717 Partners' public letter on December 9, 2024, calling for Logility to review strategic alternatives, and a 34.1% premium to the 30-day volume-weighted average share price as of that date. "Logility possesses years of experience helping global organizations design, build, and manage their supply chains" said Aptean's CEO, TVN Reddy. "The Logility platform delivers a mission-critical suite of AI-powered supply chain planning solutions designed to address even the most complex requirements. We look forward to welcoming Logility's loyal customers and experienced team to Aptean." The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions, including approval of the transaction by Logility's shareholders and receipt of regulatory approvals. The Logility Board of Directors unanimously approved the definitive agreement and recommends that Logility's shareholders vote in favor of the transaction. The transaction is not subject to a financing condition. Upon completion of the transaction, Logility will become part of a privately held company, and its shares of common stock will no longer be listed on The Nasdaq Global Select Market or any other public market.
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