E2open to be acquired by WiseTech Global for $3.30 per share in cash

E2open (ETWO) announced that it has entered into a definitive agreement to be acquired by WiseTech Global Limited (WTCHF), which 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 $2.1B. The per-share purchase price represents a premium of approximately 28% over the company’s closing stock price on May 23, the last trading day prior to today’s announcement, and a premium of approximately 68% over the company’s closing stock price on April 30, the day prior to media reports regarding WiseTech’s evaluation of a potential acquisition of e2open reported on May 1. 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. “After a comprehensive strategic review and evaluation of a full range of options conducted by e2open, the Company’s Board, and Rothschild & Co, we have decided to enter this agreement with WiseTech Global, which we believe maximizes value for our shareholders and positions the Company for long-term success,” said Andrew Appel, Chief Executive Officer of e2open. “WiseTech’s global footprint and commitment to innovation are highly complementary to e2open’s capabilities. Together, we will be able to offer a leading end-to-end platform for the world’s most complex supply chains.”