American Software Announces Extension of Tender Offer by Four Days to Midnight on June 29, 2009
26 Junho 2009 - 9:00AM
PR Newswire (US)
ATLANTA, June 26 /PRNewswire-FirstCall/ -- American Software, Inc.
(NASDAQ:AMSWA) today announced that it has extended the expiration
date of its tender offer to acquire all of the outstanding common
stock of Logility, Inc. (NASDAQ:LGTY) not currently owned by
American Software. The offer, which was scheduled to expire at
Midnight New York City time, on Thursday, June 25, 2009, has been
extended until Midnight New York City time, on Monday, June 29,
2009. The offer is being extended in order to provide shareholders
additional time to review disclosure updates being filed with the
Securities and Exchange Commission on June 26, 2009, in response to
comments received from the Securities and Exchange Commission. At
the time of this press release, approximately 1,142,000 shares of
Logility common stock have been tendered and not withdrawn in the
tender offer, and 374,000 shares have been tendered conditionally
upon exercise of Logility stock options. This press release is for
informational purposes only. The terms and conditions of the Tender
Offer, as extended, are set forth in American Software's Offer to
Purchase dated May 22, 2009, as amended, and the related Letter of
Transmittal. 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 global software company that
has 25 years of experience developing and marketing business
applications for apparel manufacturers, brand managers, retailers
and importers. Headquartered in Miami, NGC's worldwide customers
include Dick's Sporting Goods, Wilsons Leather, Kellwood, Hugo
Boss, Russell Corp., Ralph Lauren Childrenswear, Haggar Clothing
Company, Maidenform, William Carter and VF Corporation. For more
information about American Software, visit
http://www.amsoftware.com/ or contact: Vincent C. Klinges, Chief
Financial Officer, American Software, Inc., (404) 264-5477 or fax:
(404) 237-8868. About Logility 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 serves such customers as Arch Chemicals,
Avery Dennison Corporation, BP (British Petroleum), Leviton
Manufacturing Company, McCain Foods, Pernod-Ricard, Sigma Aldrich
and VF Corporation. American Software currently owns approximately
88% of the outstanding common stock of Logility. Cautionary
Statements There are a number of factors that could cause American
Software to modify, delay, or suspend its tender offer for shares
of Logility, including the following: changes in Logility's stock
price, changes in Logility's operating results, general market
conditions, changes in general economic conditions, including
economic conditions within the e-commerce markets, new competition,
and tax or regulatory requirements. Certain of these 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, American Software,
Inc., +1-404-264-5477 Web Site: http://www.amsoftware.com/
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