{"id":823487,"date":"2025-03-10T08:12:57","date_gmt":"2025-03-10T12:12:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/"},"modified":"2025-03-10T08:12:57","modified_gmt":"2025-03-10T12:12:57","slug":"logility-announces-withdrawal-of-unsolicited-proposal-by-bidder","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/","title":{"rendered":"Logility Announces Withdrawal of Unsolicited Proposal by Bidder"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Logility Announces Withdrawal of Unsolicited Proposal by Bidder<\/b><\/p>\n<p class=\"bwalignc\"><i>Board Reaffirms Recommendation that Shareholders Vote in Favor of Aptean Transaction<\/i><\/p>\n<p>ATLANTA&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nLogility Supply Chain Solutions, Inc. (Nasdaq: LGTY) (\u201cLogility\u201d or the \u201cCompany\u201d), a leader in AI-first supply chain management software, today announced that the unsolicited non-binding proposal to acquire all outstanding shares of Logility\u2019s common stock, previously announced on March 7, 2025 (the \u201cUnsolicited Proposal\u201d), has been withdrawn by the bidder. As a result, Logility has ceased discussions with the bidder regarding the Unsolicited Proposal.\n<\/p>\n<p>\nLogility\u2019s definitive agreement to be acquired by Aptean, Inc. (\u201cAptean\u201d) for $14.30 per share in an all-cash transaction remains in full force and effect. The Logility Board of Directors reaffirms its existing recommendation that Logility\u2019s shareholders vote in favor of the transaction with Aptean.\n<\/p>\n<p>\nLazard is serving as financial advisor to Logility, and Jones Day is serving as legal counsel.\n<\/p>\n<p><b>About Logility<\/b><\/p>\n<p>\nLogility is a leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people\u2019s lives and the world we live in. The Company\u2019s approach is designed to reimagine supply chain planning by shifting away from traditional \u201cwhat happened\u201d processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what\u2019s coming. Logility\u2019s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform supply chain from a cost center to an engine for growth. With over 500 clients in 80 countries, the Company is headquartered in Atlanta, GA. Learn more at <a rel=\"nofollow\" href=\"http:\/\/www.logility.com\">www.logility.com<\/a>.\n<\/p>\n<p><b>Forward Looking Statements<\/b><\/p>\n<p>\nStatements in this press release that are not historical facts are \u201cforward-looking statements\u201d that involve risks and uncertainties that could cause actual results or performance to differ materially from those contained in the forward-looking statements. Such statements are based on management\u2019s expectations as of the date they are made and are not guarantees of future results. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cexpect,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cintend,\u201d \u201cseek,\u201d \u201cestimate,\u201d \u201cplan,\u201d \u201ctarget,\u201d \u201cproject,\u201d \u201clikely,\u201d \u201cwill,\u201d \u201cfuture\u201d or other similar words or phrases. These risks and uncertainties include, but are not limited to, factors such as: (i) continuing U.S. and global economic uncertainty and the timing and degree of business recovery; (ii) the irregular pattern of the Company\u2019s revenues; (iii) dependence on particular market segments or customers; (iv) competitive pressures; (v) market acceptance of the Company\u2019s products and services; (vi) technological complexity; (vii) undetected software errors; (viii) potential product liability or warranty claims; (ix) risks associated with new product development; (x) the challenges and risks associated with integration of acquired product lines, companies and services; (xi) uncertainty about the viability and effectiveness of strategic alliances; (xii) the Company\u2019s ability to satisfy in a timely manner all Securities and Exchange Commission (\u201cSEC\u201d) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; (xiii) the ability to obtain regulatory approval and meet other closing conditions to the proposed transaction with Aptean (the \u201cproposed transaction\u201d), including obtaining approval of Logility\u2019s shareholders, on the expected timeframe or at all; (xiv) potential adverse reactions or changes to business relationships, operating results, financial results and the business generally resulting from the announcement, pendency or inability to complete the proposed transaction on the expected timeframe or at all; (xv) actual or threatened litigation relating to the proposed transaction or otherwise; (xvi) the inability to retain key personnel, management or clients, or potential diminished productivity due to the impact of the proposed transaction on the Company\u2019s current and prospective employees, key management, clients and other business partners; (xvii) risks related to diverting management\u2019s attention from the Company\u2019s ongoing business operations; (xviii) unexpected delays, costs, charges, fees or expenses resulting from the proposed transaction or the assumption of undisclosed liabilities related thereto; (xix) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the proposed transaction, including in circumstances requiring the Company to pay a termination fee; (xx) the risk that the price of the Company\u2019s common stock may fluctuate during the pendency of the proposed transaction and may decline significantly if the proposed transaction is not completed; (xxi) the ability to successfully integrate operations and employees and to realize anticipated benefits and synergies of the proposed transaction as rapidly or to the extent anticipated; (xxii) actions by competitors; (xxiii) general adverse economic, political, social and security conditions in the regions in which Logility and Aptean operate; and (xxiv) the other risks and uncertainties discussed under \u201cRisk Factors\u201d in the Company\u2019s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarter ended January 31, 2025, and in other documents that the Company subsequently files from time to time with the SEC. Statements in this press release that are \u201cforward-looking\u201d include, without limitation, statements about Aptean\u2019s proposed transaction to acquire Logility (including the anticipated results and effects of the proposed transaction). You are cautioned not to place undue reliance on these forward\u2011looking statements, which speak only as of the date of this press release. Except as required by law, the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances after the date of this press release.\n<\/p>\n<p><b>Additional Information and Where to Find It<\/b><\/p>\n<p>\nIn connection with the proposed transaction with Aptean, on March 4, 2025, Logility filed with the SEC a definitive proxy statement on Schedule 14A (the \u201cProxy Statement\u201d) relating to a special meeting of its shareholders. This communication is not a substitute for the Proxy Statement or any other document that Logility may file with the SEC and send to its shareholders in connection with the proposed transaction. The proposed transaction will be submitted to Logility\u2019s shareholders for their consideration. Before making any voting decision, Logility\u2019s shareholders are urged to read all relevant documents filed or to be filed with the SEC, including the Proxy Statement, as well as any amendments or supplements to those documents, when they become available, because they will contain important information about Logility and the proposed transaction.\n<\/p>\n<p>\nInvestors may obtain a free copy of these materials, including the Proxy Statement, and other documents filed or furnished by the Company with the SEC at the SEC\u2019s website at <a rel=\"nofollow\" href=\"http:\/\/www.sec.gov\">www.sec.gov<\/a>, at the Company\u2019s website at <a rel=\"nofollow\" href=\"http:\/\/www.logility.com\">www.logility.com<\/a> or by sending a written request to the Company in care of the Secretary, at Logility Supply Chain Solutions, Inc., 470 East Paces Ferry Road, N.E., Atlanta, Georgia 30305.\n<\/p>\n<p>\nLogility\u00ae is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250310250824r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250310250824\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250310250824\/en\/<\/a><\/span><\/p>\n<p>\nKevin Liu<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kliu@logility.com\">kliu@logility.com<br \/>\n<\/a><br \/>(626) 424-1535\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Georgia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Artificial Intelligence Technology Supply Chain Management Online Retail Logistics\/Supply Chain Management Transport Retail<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250310250824\/en\/2284749\/3\/Logo_2024_Primary.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Logility Announces Withdrawal of Unsolicited Proposal by Bidder Board Reaffirms Recommendation that Shareholders Vote in Favor of Aptean Transaction ATLANTA&#8211;(BUSINESS WIRE)&#8211; Logility Supply Chain Solutions, Inc. (Nasdaq: LGTY) (\u201cLogility\u201d or the \u201cCompany\u201d), a leader in AI-first supply chain management software, today announced that the unsolicited non-binding proposal to acquire all outstanding shares of Logility\u2019s common stock, previously announced on March 7, 2025 (the \u201cUnsolicited Proposal\u201d), has been withdrawn by the bidder. As a result, Logility has ceased discussions with the bidder regarding the Unsolicited Proposal. Logility\u2019s definitive agreement to be acquired by Aptean, Inc. (\u201cAptean\u201d) for $14.30 per share in an all-cash transaction remains in full force and effect. The Logility Board of Directors reaffirms its existing recommendation that Logility\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Logility Announces Withdrawal of Unsolicited Proposal by Bidder&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-823487","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Logility Announces Withdrawal of Unsolicited Proposal by Bidder - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Logility Announces Withdrawal of Unsolicited Proposal by Bidder - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Logility Announces Withdrawal of Unsolicited Proposal by Bidder Board Reaffirms Recommendation that Shareholders Vote in Favor of Aptean Transaction ATLANTA&#8211;(BUSINESS WIRE)&#8211; Logility Supply Chain Solutions, Inc. (Nasdaq: LGTY) (\u201cLogility\u201d or the \u201cCompany\u201d), a leader in AI-first supply chain management software, today announced that the unsolicited non-binding proposal to acquire all outstanding shares of Logility\u2019s common stock, previously announced on March 7, 2025 (the \u201cUnsolicited Proposal\u201d), has been withdrawn by the bidder. As a result, Logility has ceased discussions with the bidder regarding the Unsolicited Proposal. Logility\u2019s definitive agreement to be acquired by Aptean, Inc. (\u201cAptean\u201d) for $14.30 per share in an all-cash transaction remains in full force and effect. The Logility Board of Directors reaffirms its existing recommendation that Logility\u2019s &hellip; Continue reading &quot;Logility Announces Withdrawal of Unsolicited Proposal by Bidder&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-10T12:12:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250310250824r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Logility Announces Withdrawal of Unsolicited Proposal by Bidder\",\"datePublished\":\"2025-03-10T12:12:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\\\/\"},\"wordCount\":1191,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250310250824r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\\\/\",\"name\":\"Logility Announces Withdrawal of Unsolicited Proposal by Bidder - 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(Nasdaq: LGTY) (\u201cLogility\u201d or the \u201cCompany\u201d), a leader in AI-first supply chain management software, today announced that the unsolicited non-binding proposal to acquire all outstanding shares of Logility\u2019s common stock, previously announced on March 7, 2025 (the \u201cUnsolicited Proposal\u201d), has been withdrawn by the bidder. As a result, Logility has ceased discussions with the bidder regarding the Unsolicited Proposal. Logility\u2019s definitive agreement to be acquired by Aptean, Inc. (\u201cAptean\u201d) for $14.30 per share in an all-cash transaction remains in full force and effect. The Logility Board of Directors reaffirms its existing recommendation that Logility\u2019s &hellip; Continue reading \"Logility Announces Withdrawal of Unsolicited Proposal by Bidder\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-10T12:12:57+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250310250824r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Logility Announces Withdrawal of Unsolicited Proposal by Bidder","datePublished":"2025-03-10T12:12:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/"},"wordCount":1191,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250310250824r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/logility-announces-withdrawal-of-unsolicited-proposal-by-bidder\/","name":"Logility Announces Withdrawal of Unsolicited Proposal by Bidder - 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