American Software Completes Tender Offer for Logility
30 Giugno 2009 - 2:00PM
PR Newswire (US)
ATLANTA, June 30 /PRNewswire-FirstCall/ -- American Software, Inc.
(NASDAQ:AMSWA) today announced that it successfully completed its
tender offer to acquire all of the outstanding common stock of
Logility, Inc. (NASDAQ:LGTY) 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.
About American Software Headquartered in Atlanta, American Software
develops, markets and supports one of the industry's most
comprehensive offerings of integrated business applications,
including supply chain management, Internet commerce, financial,
warehouse management and manufacturing packages. e-Intelliprise(TM)
is an ERP/supply chain management suite, which leverages Internet
connectivity and includes multiple manufacturing methodologies. New
Generation Computing Inc. (NGC), a wholly-owned subsidiary of
American Software, is a leading provider of PLM, Global Sourcing
and ERP solutions for Fashion, Apparel, Footwear and Retail.
Headquartered in Miami, NGC's worldwide customers include VF
Corporation(R), A|X Armani Exchange(R), Carter's(R), Casual Male
Retail Group(R), Maggy London, R.G. Barry, Hugo Boss(R), Dick's
Sporting Goods, Isda & Co., Tristan & America(R), Parigi
Group and many others. For more information on the Company,
contact: American Software, 470 East Paces Ferry Rd., Atlanta, GA
30305; (800) 726-2946 or (404) 261-4381. FAX: (404) 264-5206.
INTERNET: http://www.amsoftware.com/ or e-mail: . About Logility
With more than 1,250 customers worldwide, Logility is a leading
provider of collaborative supply chain solutions that help small,
medium, large and Fortune 1000 companies realize substantial
bottom-line results in record time. Logility Voyager Solutions
feature performance monitoring capabilities in a single
Internet-based framework and provide supply chain visibility;
demand, inventory and replenishment planning; sales and operations
planning; inventory and supply optimization; transportation
planning and execution; and warehouse management. Demand Solutions
provide forecasting, demand planning and point-of-sale analysis for
maximizing profits in manufacturing, distribution and retail
operations. Logility customers include Arch Chemicals, Avery
Dennison Corporation, BP (British Petroleum), Leviton Manufacturing
Company, McCain Foods, Pernod Ricard, Remington Products Company,
Sigma Aldrich and VF Corporation. For more information about
Logility, call 1-800-762-5207 or visit http://www.logility.com/.
Cautionary Statements Certain risk factors and other considerations
are detailed in American Software's Form 10-K for the year ended
April 30, 2008 and other reports and documents subsequently filed
with the Securities and Exchange Commission. e-Intelliprise is a
trademark of American Software, Logility is a registered trademark
and Logility Voyager Solutions is a trademark of Logility, Demand
Solutions is a registered trademark of Demand Management, and NGC
is a registered trademark of New Generation Computing. Other
products mentioned in this document are registered, trademarked or
service marked by their respective owners. DATASOURCE: American
Software, Inc. CONTACT: Vincent C. Klinges, Chief Financial Officer
of American Software, Inc., +1-404-264-5477 Web Site:
http://www.amsoftware.com/
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