Amber Road, Inc. Rejects Unsolicited Proposal from E2open, LLC
AMBER ROAD INC (AMBR)
Last amber road inc earnings: 5/9 04:15 pm
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investor.amberroad.com
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Source: Business Wire
Board Reaffirms Commitment to Management’s Existing Strategic Plan EAST RUTHERFORD, N.J.--(BUSINESS WIRE)-- Amber Road, Inc. (NYSE: AMBR), a leading provider of cloud-based global trade management (GTM) solutions, today confirmed that it has received an unsolicited offer from E2open, LLC and Insight Venture Partners to acquire all of the issued and outstanding shares of capital stock of Amber Road for $10.50 per share. After a thorough evaluation and diligent discussion of the offer, the 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. The Company had originally planned to respond to the unsolicited offer in advance of the February 16th deadline established by E2open, but the response timing has been acceler
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