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American Software Buys Logility

July 10, 2009 (FinancialWire) — American Software, Inc. (NASDAQ: AMSWA) (Current Market Cap: $135.74 Mil.) has completed its acquisition of Logility, Inc. (NASDAQ: LGTY). Logility is a provider of collaborative supply chain software.

The company previously completed a tender offer, which expired on June 29, for all the outstanding common stock of Logility not currently owned by American Software. After completion of the tender offer, American Software owned 12,804,866 shares, or 96.7% of the outstanding shares of Logility common stock.

Under a plan of merger, each of the issued and outstanding shares of common stock of Logility was converted into the right to receive $7.02 per share, without interest.

American Software said it will “promptly cause” the shares of Logility’s common stock to be delisted from the NASDAQ Global Market.

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

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