Logility Receives Unsolicited Acquisition Proposal
Logility Supply Chain Solutions, an AI-driven software provider, announced it has received an unsolicited, non-binding proposal to acquire all outstanding shares at $15.00 per share in cash.
Existing Agreement with Aptean
Previously, on January 24, 2025, Logility entered into a definitive agreement to be acquired by Aptean for $14.30 per share in an all-cash transaction.
Board’s Current Stance
Despite the new proposal, Logility’s board continues to recommend shareholders vote in favor of the existing agreement with Aptean.
Next Steps and Considerations
Logility plans to engage in discussions with the unsolicited bidder to evaluate the proposal. However, there is no assurance that these discussions will result in a definitive agreement or transaction.
Company Overview
Logility, headquartered in Atlanta, Georgia, specializes in AI-first supply chain management software, assisting large organizations in managing inventory, manufacturing processes, and supply chains.