SYNQUEST SEEKS APPROVAL FOR REVERSE STOCK SPLIT.(BUSINESS)

Byline: KEVIN HARLIN Business writer

SynQuest Inc., the Georgia company with Capital Region roots, is asking shareholders to approve a 1-for-10 reverse stock split as it tries to stave off being delisted by the Nasdaq system.

The developer of supply-chain-management software, which has a research and development office in Clifton Park, has scheduled a shareholders' meeting July 29 in Georgia to vote on the plan. The change was approved by the company's board last week.

SynQuest is trying to turn its 29.5 million shares outstanding, which closed Friday at 37 cents each, into 2.9 million shares worth about $3.70 each. Shareholders would get one share …