04:56 PM EST, 12/11/2024 (MT Newswires) -- 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.

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