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Fly News Breaks for May 14, 2019
AMBR
May 14, 2019 | 07:37 EDT
As previously reported, Needham analyst Scott Berg downgraded Amber Road to Hold after its announced agreement to be acquired by E2open for $13.05 per share. The analyst believes that the 27% premium relative to Friday close and the 6.3-times enterprise value to expected recurring revenue multiple is a "fair valuation", with management conversations suggesting that a higher price is unlikely to materialize.
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