American Software (AMSWA) Extends Date of Tender Offer for Logility (LGTY)

June 26, 2009 8:27 AM EDT

American Software, Inc. (Nasdaq: AMSWA) 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At the time of this press release, approximately 1,142,000 shares of Logility common stock have been tendered and not withdrawn in the tender offer, and 374,000 shares have been tendered conditionally upon exercise of Logility stock options.

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. [SM]

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