Logility Continues to Back Aptean Deal as Unnamed Bidder Withdraws Offer

Dow Jones

03/10

By Denny Jacob

Logility Supply Chain Solutions remains on track to be acquired by Aptean after an unnamed bidder withdrew their proposal.

The Atlanta supply-chain management-software company on Friday disclosed a bidder made a bid to acquire Logility for $15 a share. Those discussions have now concluded.

Logility reaffirmed its recommendation that shareholders vote in favor of Aptean's offer, which would acquire the company for $14.30 a share in an all-cash deal.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

March 10, 2025 08:29 ET (12:29 GMT)

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