Monday, February 12, 2018

E2open Looks To Buy Amber Road For $300M

Austin-based supply chain management software developer E2open says it would like to acquire Amber Road, a developer of software used to manage global trade, in a transaction worth over $300M. According to E2open, it has offered to pay $10.50 per share in cash for all of the outstanding shares of Amber Road which it does not already own. E2open said the price is a 52 percent premium to its 30-day average trading price. Amber Road is based in New Jersey.