Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Logility, Inc. > News item |
American Software wants to buy remaining Logility shares
By Lisa Kerner
Charlotte, N.C., March 18 - American Software, Inc. said it intends to purchase the outstanding common stock of Logility, Inc. that it doesn't currently own for $5.10 per share net to the seller in cash, without interest.
The per-share offer price is a 2% premium to Logility's closing price of $5.00 per share on Wednesday, according to American Software.
American Software, with an 88% stake in Logility, expects to begin the offer on or about April 10. The offer is slated to end on or about April 30.
Atlanta-based American Software develops, markets and supports integrated business applications, including supply chain management, internet commerce, financial, warehouse management and manufacturing packages.
Logility, also located in Atlanta, is a supply chain management solutions provider.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.