LGTY News & Events

Option delistings effective April 22nd include PAYCOR HCM INC. (PYCR), PACTIV EVERGREEN INC. (PTVE), Nevro Corp (NVRO), American Software, Inc. (LGTY), Intevac, Inc. (IVAC), Intra-Cellular Therapies Inc (ITCI), Gritstone Bio, Inc. (GRTSQ), Enfusion (ENFN), ENDEAVOR GROUP HOLDINGS INC. (EDR), Air Transport Services Group Inc. (ATSG), Altair Engineering Inc (ALTR), ACCOLADE INC (ACCD), and VOXX International Corp (VOXX).

Logility announced that the unsolicited non-binding proposal to acquire all outstanding shares of Logility's common stock, previously announced on March 7, has been withdrawn by the bidder. As a result, Logility has ceased discussions with the bidder regarding the unsolicited proposal. Logility's definitive agreement to be acquired by Apteanfor $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's shareholders vote in favor of the transaction with Aptean.

Logility Supply Chain Solutions announced that it has received an unsolicited non-binding proposal to acquire all outstanding shares of Logility's common stock for $15.00 per share in cash. The Unsolicited Proposal remains subject to due diligence. Logility previously announced on January 24, that it had entered into a definitive agreement to be acquired by Aptean for $14.30 per share in an all-cash transaction. The Logility Board of Directors has determined that the Unsolicited Proposal would reasonably be expected to lead to a superior proposal under the terms of the Aptean Merger Agreement. As a result of the Logility Board of Directors' determination, Logility may, under the terms of the Aptean Merger Agreement, engage in discussions with the unsolicited bidder based on the Unsolicited Proposal and Logility intends to do so. The Aptean Merger Agreement remains in full force and effect, and the Logility Board of Directors reaffirms its existing recommendation that Logility's shareholders vote in favor of the transaction with Aptean. There can be no assurances that any definitive agreement or transaction will result from the Unsolicited Proposal or Logility's discussions with the unsolicited bidder. The Logility Board of Directors is not making any recommendation with respect to the Unsolicited Proposal at this time.

Reports Q3 revenue $25M, two estimates $25.09M.