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February 13, 2018updated 12 Apr 2021 2:28pm

Trade software vendor Amber Road rejects acquisition bid

Global trade management software vendor Amber Road has rejected an acquisition bid from rival software company E2open.

By Leonie Barrie

Global trade management software vendor Amber Road has rejected an acquisition bid from rival software company E2open.

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The “unsolicited” offer from E2open, which specialises in cloud supply chain management software, and Insight Venture Partners, proposed acquiring all of the issued and outstanding shares of capital stock of Amber Road that it does not already own for $10.50 per share.

However, Amber Road’s board of directors “has unanimously concluded that it is not in the best interest of the company’s stockholders to pursue E2open’s proposed business combination, whereby Amber Road would cease to operate as a publicly traded company.”

“We continue to firmly believe that executing our existing strategic plan is the best means of maximising value for our stockholders and satisfaction for our customers over the long term,” said chairman Barry Williams.

Amber Road’s cloud-based software creates a digital model of the global supply chain that enables collaboration between buyers, sellers and logistics companies on trade activities, including sourcing, supplier management, production tracking, transportation management, supply chain visibility, import and export compliance, and duty management.

E2open had argued that joining its manufacturing and distribution network with Amber Road’s global trade network would allow customers to operate their end-to-end supply chain from one place in the cloud.

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Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

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