Logility announces withdrawal of unsolicited proposal by bidder

Logility (LGTY) 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proposal to acquire all outstanding shares of Logility’s common stock, previously announced on March 7, has been withdrawn by the bidder.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.