Supply Chain SaaS Firm E2open Gets Snapped Up By Australia’s WiseTech In $2B Deal: Retail Mood Stays ‘Neutral’

Addison, Texas-based software-as-a-service (SaaS) company E2open Parent Holdings, Inc. (ETWO) announced Sunday a $2.1 billion deal to be acquired by Australian logistics and supply chain software solutions company WiseTech Global following a strategic review.

E2open provides a cloud-native platform that is purpose-built for modern supply chains, with more than 500,000 manufacturing, logistics, channel, and distribution partners.

According to the deal terms, e2open shareholders will receive $3.30 per share in cash, representing a 28.4% premium over the stock’s $2.57 closing price on Friday. The per-share value marked a bigger 68% premium over the closing price on April 30 when media reports regarding WiseTech eyeing a potential offer for E2open emerged.

The deal has been unanimously approved by E2open’s board and shareholders holding a majority of the voting power. The company also clarified that no further action by E2open’s shareholders is required to approve the deal. 

E2open expects the deal to close in the second half of the calendar year 2025. The two companies will continue operating independently until the transaction closes. 

Following the closing, e2open stock will be delisted from the NYSE.

Andrew Appel, CEO of e2open, said the deal “maximizes value for our shareholders and positions the Company for long-term success.”

“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.”

Rothschild & Co. served as the financial advisor to e2open on the transaction.

On Stocktwits, retail sentiment toward e2open stock was ‘neutral’ by late Monday, and the message volume was ‘low.’

When rumors of a WiseTech broke out in late April, retail investors saw it as a positive move. One watcher said the speculated deal price of $2.2 billion would translate to $4 apiece when factoring in debt.

https://stocktwits.com/Pen15_Holdings/message/613254872 

E2open stock ended Friday’s session down 3.02% at $2.57, while it is down 3.4% for the year. 

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