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An update from Logility Supply Chain Solutions ( (LGTY) ) is now available.
Logility Supply Chain Solutions, Inc., a Georgia-based company, has entered into a merger agreement with Aptean, Inc., a Delaware corporation, under which Aptean will acquire Logility through a merger with a subsidiary of Aptean. The merger, approved by Logility’s board, will convert each Logility share into $14.30 in cash and lead to the company’s delisting from the Nasdaq Global Select Market. The transaction is expected to close in the second quarter of 2025, subject to shareholder and regulatory approvals. The agreement includes the conversion of stock options and restricted stock units into cash payments, with specific payouts outlined for Logility’s executives. The merger aims to enhance Logility’s market position by integrating with Aptean’s resources, though it is subject to various conditions including regulatory approvals and shareholder consent.
More about Logility Supply Chain Solutions
Logility Supply Chain Solutions, Inc. operates in the supply chain solutions industry and provides services that focus on optimizing supply chain operations. The company is known for its advanced software solutions that help businesses streamline their logistics and inventory management processes.
YTD Price Performance: 28.36%
Average Trading Volume: 270,187
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $381.3M
For detailed information about LGTY stock, go to TipRanks’ Stock Analysis page.
