American Software extends deadline in tender offer for Logility

By Lisa Kerner

Charlotte, N.C., June 26 - American Software, Inc. extended its tender offer for Logility, Inc. to midnight ET on Monday from Thursday.

The extension, said American Software, gives shareholders additional time to review disclosure updates being filed with the Securities and Exchange Commission on Friday.

Approximately 1,142,000 shares of Logility common stock have been tendered and not withdrawn in the $7.02-per-share tender offer, American Software said.

As previously reported, Logility recommended that shareholders tender their shares in American Software's offer.

American Software, with an 88% equity interest in Logility, increased its offer for the company to $7.02 per share from $5.10.

Logility is a supply chain management solutions provider.

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

Both companies are located in Atlanta.

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