Logility Supply Chain Solutions downgraded by B. Riley Securities
$LGTY
Computer Software: Prepackaged Software
Technology
B. Riley Securities downgraded Logility Supply Chain Solutions from Buy to Neutral
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/28/2025 | Buy → Hold | Maxim Group | |
| 1/27/2025 | Buy → Neutral | B. Riley Securities |
Logility Supply Chain Solutions, Inc. (NASDAQ:LGTY) ("Logility") today announced the completion of its acquisition by Aptean, Inc. ("Aptean"), a global provider of mission-critical enterprise software solutions, for $14.30 per share in cash. The acquisition was originally announced on January 24, 2025, and was approved by Logility shareholders on April 3, 2025. As a result of the consummation of the acquisition, Logility's shares of common stock will no longer be listed on The Nasdaq Global Select Market or any other public market. Additional details can be found in the Current Report on Form 8-K filed by Logility today with the Securities and Exchange Commission. This press release feature
This award is designed to honor exceptional achievements and innovations within the supply chain industry by Logility clients. Logility, Inc., a leader in AI-driven supply chain management solutions, is proud to announce the winners of the 2025 Reimagine Client Awards. These awards recognize outstanding achievements in supply chain innovation, AI-driven insights, IT leadership, talent excellence, and sustainability. The Resiliency Leader category recognizes organizations that have demonstrated outstanding agility and resilience in their supply chain, effectively navigating disruptions and maintaining operational continuity. Winners in this category include: Glen Raven for North America –
Board Reaffirms Recommendation that Shareholders Vote in Favor of Aptean Transaction Logility Supply Chain Solutions, Inc. (NASDAQ:LGTY) ("Logility" or the "Company"), a leader in AI-first supply chain management software, today announced that the unsolicited non-binding proposal to acquire all outstanding shares of Logility's common stock, previously announced on March 7, 2025 (the "Unsolicited Proposal"), has been withdrawn by the bidder.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 Aptean, Inc. ("Aptean") for $14.30 per share in an all-cash transaction remains in full force and effect.