Market Chatter: Logility Supply Chain Solutions Exploring Sale

MT Newswires Live2024-12-12

Logility Supply Chain Solutions (LGTY) is exploring a sale, Reuters reported Wednesday, citing people familiar with the matter.

The supply chain software firm, which has a market value of about $400 million, has hired investment bank Lazard (LAZ) to assess takeover interest from potential buyers, the report said, citing the unnamed sources.

The process is at an early stage and a deal may not materialize, Reuters reported.

Logility didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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