Home / Knowledge / News / Information Technology / American Software completes tender offer for Logility
American Software completes tender offer for Logility
01
Jul '09
American Software Inc announced that it successfully completed its tender offer to acquire all of the outstanding common stock of Logility Inc not currently owned by American Software. The offer expired at Midnight New York City time, on Monday, June 29, 2009. A total of approximately 1,134,570 shares of Logility common stock were tendered.

The tender offer was subject to a condition that a majority of the shares not owned by American Software, its officers and directors, and the officers and directors of Logility, other than the independent Logility directors on the special committee formed to consider the offer, be tendered pursuant to the offer. The number of shares tendered by such non-affiliates satisfies this condition.

Together with the approximately 88% equity interest it already beneficially owns, as a result of the tender offer American Software will own approximately 12,808,570 shares or 96.7% of the outstanding shares. Shareholders who have tendered their shares will receive $7.02 per share promptly following the guaranteed delivery period.

As previously announced in connection with the tender offer, American Software will promptly cause Logility to consummate a short-form merger under Georgia law in which Logility will become a wholly-owned subsidiary of American Software. Pursuant to the merger, all shares held by Logility's remaining shareholders will be converted into the right to $7.02 per share, without interest.

American Software Inc


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search