Logility Soars After Buyout Deal With Aptean, Retail Welcomes It With Open Arms

Logility Supply Chain Solutions Inc.(LGTY) shares jumped 24.7% on Monday after Clearlake Capital-backed Aptean agreed to buy the company for $14.30 per share in an all-cash deal.

The price represents a 27% premium to the Jan. 23 Logility closing share price.

The deal, announced on Friday after the bell, is expected to close in the second quarter of 2025.

“The Logility platform delivers a mission-critical suite of AI-powered supply chain planning solutions designed to address even the most complex requirements,” Aptean CEO TVN Reddy said.

According to Stocktwits calculations, the purchase price represents an equity value of $481.6 million.

Logility is headquartered in Atlanta and helps a wide range of businesses to optimize their inventory, improve demand forecasting, and streamline production planning.

In December, activist investor 2717 Partners had urged Logility to consider strategic alternatives, including a potential sale, after calling it unsuitable for public markets.

Lazard is serving as financial advisor to Logility, the company said.

Logility had reported a net loss of $2 million during the fiscal second quarter in October.

Retail chatter on Stocktwits remained in ‘bullish’ (68/100) territory, albeit with a higher score than Friday, while retail chatter rose to ‘extremely high.’

One user hailed it as a big win for shareholders. 

The stock has gained 33.4% over the past six months and risen 21.5% in the past twelve months.

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