Logility Supply Chain Solutions (LGTY) is working with investment bank Lazard (LAZ) to gauge takeover interest from potential buyers, sources told Reuters. Potential suitors for the maker of artificial intelligence-powered software that helps companies manage their inventories and supply chains include private equity-backed technology companies, the sources said. Deliberations are at an early stage and the sources cautioned that no deal is guaranteed, Reuters noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LGTY:
- 2717 Partners calls on Logility board to conduct strategic alternatives review
- Logility Announces Q2 Fiscal 2025 Financial Results
- Logility reports Q2 adjusted EPS 11c, consensus 9c
- Logility sees FY25 revenue $101M-$105M, consensus $105.67M
- AMSWA Earnings Report this Week: Is It a Buy, Ahead of Earnings?