Logility Shares Rise on $14.30-Per-Share Merger Pact

Dow Jones

Jan 27

By Katherine Hamilton

Logility Supply Chain Solutions shares climbed after it agreed to be acquired by private software company Aptean.

The stock rose 25% to $14.13 in morning trading. It is up about 21% over the past year.

Aptean said on Friday evening that it plans to acquire Atlanta-based Logility for $14.30 a share, which Aptean said is a 27% premium to the company's Thursday closing price.

The transaction is expected to close in the second quarter of 2025, upon which Logility will become privately held.

Alpharetta, Ga.-based Aptean is a software provider for manufacturers and distributors, and Logility provides supply chain planning solutions to help with inventory, demand forecasting and production planning.

Logility's board conducted an auction process starting in the summer of 2024, said Board Chairman James Miller. "As a result of this process, we unanimously determined that a sale to Aptean represented the best way to maximize shareholder value while also ensuring the company remains well-positioned to continue providing innovative and leading solutions to clients," Miller added.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 27, 2025 10:27 ET (15:27 GMT)

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