Amber Road, Inc. Rejects Unsolicited Proposal from E2open, LLC
12 Febbraio 2018 - 9:39PM
Business Wire
Board Reaffirms Commitment to Management’s
Existing Strategic Plan
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 accelerated in light of
E2open’s unexpected decision to publicly disclose the previously
private offer.
“Consistent with our fiduciary duty, we routinely evaluate
strategic options to maximize value for our stockholders, and we
remain committed to considering any credible strategic alternative
that would help achieve this objective,” said Barry Williams,
Chairman of the Board. “While we welcome constructive input from
all parties that share this goal, the unsolicited offer advanced by
E2open is not in the best interests of the Company and its
stockholders. We continue to firmly believe that executing our
existing strategic plan is the best means of maximizing value for
our stockholders and satisfaction for our customers over the long
term.”
About Amber RoadAmber Road’s (NYSE: AMBR) mission is to
dramatically transform the way companies conduct global trade. As a
leading provider of cloud-based global trade management (GTM)
software, trade content and training, we help companies all over
the world create value through their global supply chain by
improving margins, achieving greater agility and lowering risk. We
do this by creating a digital model of the global supply chain that
enables collaboration between buyers, sellers and logistics
companies. We replace manual and outdated processes with
comprehensive automation for global trade activities, including
sourcing, supplier management, production tracking, transportation
management, supply chain visibility, import and export compliance,
and duty management. We provide rich data analytics to uncover
areas for optimization and deliver a platform that is responsive
and flexible to adapt to the ever-changing nature of global trade.
For more information, please visit www.AmberRoad.com, email
Solutions@AmberRoad.com or call 201-935-8588.
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version on businesswire.com: http://www.businesswire.com/news/home/20180212006242/en/
ICRInvestor Relations ContactStaci Mortenson,
201-806-3663InvestorRelations@AmberRoad.comorMedia ContactPhil
Denning, 646-277-1258Phil.Denning@icrinc.com
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