MILWAUKEE--(BUSINESS WIRE)--Ademi & Fruchter LLP is investigating Logility (Nasdaq: LGTY) for possible breaches of fiduciary duty and other violations of law in its transaction with Aptean.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the tender offer transaction, Logility stockholders will receive only $14.30 per share in an all-cash transaction. Logility insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Logility by imposing a significant penalty if Logility accepts a competing bid. We are investigating the conduct of Logility’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.