Logility Supply Chain Solutions (LGTY) is working with investment bank Lazard (LAZ) to gauge takeover interest from potential buyers, sources told Reuters’ Milana Vinn. Potential suitors for the maker of artificial intelligence-powered software that helps companies manage their inventories and supply chains include private equity-backed technology companies, the sources said. Deliberations are at an early stage and the sources cautioned that no deal is guaranteed, the author noted. Shares of Logility are up 8% after the news.
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