Reported 2 days ago
E2open, a provider of supply chain software, has been acquired by Australian logistics technology company WiseTech Global for $2.1 billion, marking a significant strategic shift following a period of operational challenges. The acquisition, valued at $3.30 per share, represents a 28.4% premium over E2open's previous closing price and concludes its brief tenure as a publicly traded entity since its SPAC debut in October 2020. CEO Andrew Appel highlighted the synergy between E2open and WiseTech, aiming to enhance offerings for complex supply chains despite E2open's recent financial struggles.
Source: YAHOO