Earnings summaries and quarterly performance for LOGILITY SUPPLY CHAIN SOLUTIONS, INC.
Research analysts covering LOGILITY SUPPLY CHAIN SOLUTIONS, INC.
Recent press releases and 8-K filings for LGTY.
Logility Acquisition & Merger Agreement Approved
LGTY
M&A
Delisting/Listing Issues
Proxy Vote Outcomes
- Acquisition Completed: Aptean acquired Logility Supply Chain Solutions, Inc. for $14.30 per share in cash on April 4, 2025, resulting in Logility becoming a wholly-owned subsidiary with Nasdaq delisting and subsequent board/management changes.
- Special Meeting Vote: On April 3, 2025, with 82.86% of eligible shares (record date: March 3, 2025), shareholders approved the Merger Agreement Proposal with Aptean, subject to customary closing conditions.
- The meeting also featured a non-binding advisory vote on executive compensation, rendering an adjournment vote unnecessary.
Logility Announces Merger with Aptean
LGTY
M&A
Legal Proceedings
- Merger Agreement: On January 24, 2025, Logility entered into a merger agreement with Aptean, which includes a cash offer of $14.30 per share and will result in Logility becoming a wholly owned subsidiary of Aptean.
- Shareholder Vote Scheduled: A special meeting is set for April 3, 2025, at the company's Atlanta headquarters to vote on the merger and related proposals.
- Supplemental Disclosures & Valuation Analysis: The company issued supplemental disclosures amending its proxy statement to address management employment considerations and to provide Lazard’s valuation analysis, which implies an equity value range of $12.75 to $17.28 per share.
- Pending Litigation: Logility is facing lawsuits and demand letters from shareholders alleging disclosure deficiencies in its proxy documents regarding the merger.
Mar 26, 2025, 8:05 PM
Logility Supply Chain Solutions, Inc. to be Acquired by Aptean
LGTY
M&A
- Logility Supply Chain Solutions, Inc. entered into a merger agreement with Aptean, Inc. and its subsidiary on January 24, 2025, setting the stage for an acquisition by merger.
- The merger received clearance under the UK National Security and Investment Act on March 25, 2025, and is expected to close in the second quarter of 2025, pending customary conditions.
- The report includes forward-looking statements that outline the expected benefits and risks associated with the proposed transaction.
Mar 26, 2025, 12:43 PM
Logility to be Acquired by Aptean in Merger
LGTY
M&A
Proxy Vote Outcomes
- Merger Agreement Executed: Logility entered into a merger agreement with Aptean and its subsidiary, with Logility set to continue as a wholly owned subsidiary post-merger.
- HSR Waiting Period Expired: The waiting period under the Hart-Scott-Rodino Act expired on March 10, 2025, satisfying a key condition, with the merger expected to close in Q2 2025 pending additional regulatory and shareholder approvals.
- Shareholder Information Provided: A definitive proxy statement was filed on March 4, 2025, and shareholders are urged to review all related documents for further details on the transaction.
Mar 11, 2025, 9:29 PM
Logility Announces Withdrawal of Unsolicited Proposal
LGTY
M&A
- Bidder’s unsolicited proposal has been withdrawn, and the company has ceased all discussions with the bidder.
- The Board reaffirms its recommendation for shareholders to vote in favor of the all-cash acquisition by Aptean at $14.30 per share.
Mar 10, 2025, 1:07 PM
Logility Receives Unsolicited Acquisition Proposal
LGTY
M&A
- Logility Supply Chain Solutions, Inc. has received an unsolicited non-binding proposal to acquire all its outstanding shares for $15.00 per share in cash, pending due diligence.
- The Board of Directors has determined this proposal is expected to lead to a superior offer compared to the previously announced all-cash acquisition by Aptean at $14.30 per share.
- Despite initiating discussions with the unsolicited bidder, the Board reaffirmed its recommendation for shareholders to vote in favor of the Aptean transaction.
Mar 8, 2025, 2:44 AM
Quarterly earnings call transcripts for LOGILITY SUPPLY CHAIN SOLUTIONS, INC.
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