Agilysys (NASDAQ:AGYS) Strikes 52 week high Stock

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Agilysys, Inc. (NASDAQ:AGYS) soared 6% to $8.61 after oday it received, under Section 1701.831 of the Ohio Revised Code, Ohio's "control share acquisition statute," an Acquiring Person Statement from MAK Capital Fund, LP and Paloma International L.P., notifying the company of their intent to increase their direct or indirect ownership of Agilysys' common shares above 20%, but not to exceed one-third. The Acquiring Person Statement indicates that MAK Capital does not intend, either alone or in concert with any other person, to exercise control of the Company.

Agilysys, Inc. (Agilysys) is a provider of information technology (IT) solutions to corporate and public-sector customers, including retail and realty. The company develops technology solutions, including hardware, software and services to help customers resolve their IT needs.