American Software ready to acquire Logility; tender offer is complete

By Lisa Kerner

Charlotte, N.C., June 30 - American Software, Inc. said a total of approximately 1,134,570 shares of Logility, Inc. common stock were tendered in the company's $7.02-per-share offer that ended on Monday.

According to American Software, it now owns approximately 12,808,570 shares, or 96.7%, of Logility's outstanding shares.

Prior to the offer, American Software had an approximately 88% equity interest in Logility.

American Software said it will complete its acquisition of Logility via a short-form merger.

As previously reported, American Software had extended its offer from June 25 and increased its offer price from $5.10 per share.

Logility is a supply chain management solutions provider.

American Software develops, markets and supports integrated business applications, including supply chain management, internet commerce, financial, warehouse management and manufacturing packages.

Both companies are located in Atlanta.

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