Amber Road to be acquired by E2open for $13.05 per share in cash
E2open and Amber Road announced they have entered into a definitive agreement for the acquisition of Amber Road in an all-cash transaction valued at approximately $425M. Under the terms of the agreement, a subsidiary of E2open will commence a tender offer for all the outstanding shares of Amber Road common stock for $13.05 per share in cash. The board of Amber Road has unanimously approved the definitive agreement and recommends that Amber Road shareholders tender their shares in the tender offer. Upon closing, Amber Road will become a privately held company. Closing of the transaction is subject to customary closing conditions, including a majority of the outstanding shares having been tendered in the tender offer and clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The parties expect the transaction to close before the end of Q3.