WTC.AU, ETWO

, ETWO

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Date: --/--/-- --:--:--
Event Id: E5DB33QPG
Action Type: ACQUISITION
Action Status: COMPLETED
Acquirer Symbol:
Target Symbol: ETWO
Updated: --/--/-- --:--:--
Purchase Price Per Share: 3.3
Price Per Share Currency: USD
News References: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02974510-2A1611437&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6

Action Notes

E2open Parent Holdings, Inc the connected supply chain SaaS platform with a leading multi-enterprise network, today announced that it has entered into a definitive agreement to be acquired by WiseTech Global Limited a leading provider of logistics execution software solutions. The acquisition marks the conclusion of e2open's previously announced strategic review process. Under the terms of the transaction, e2open stockholders will receive $3.30 per share in cash equating to an enterprise value of $2.1 billion. E2open and WiseTech will continue to operate as independent companies until the transaction closes, which is expected in the second half of calendar year 2025. The transaction is subject to customary closing conditions including applicable regulatory approvals. In addition to unanimous board approval, shareholders holding in the aggregate a majority of the voting power of the issued and outstanding shares of common stock of e2open have approved the Transaction by written consent. No other further action by e2open's shareholders is required to approve the transaction. Upon completion of the transaction, e2open's common stock will no longer be listed on the New York Stock Exchange.