American Software wants to buy remaining Logility shares

By Lisa Kerner

Charlotte, N.C., March 18 - American Software, Inc. said it intends to purchase the outstanding common stock of Logility, Inc. that it doesn't currently own for $5.10 per share net to the seller in cash, without interest.

The per-share offer price is a 2% premium to Logility's closing price of $5.00 per share on Wednesday, according to American Software.

American Software, with an 88% stake in Logility, expects to begin the offer on or about April 10. The offer is slated to end on or about April 30.

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

Logility, also located in Atlanta, is a supply chain management solutions provider.

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