E2open and Amber Road Announce Successful Tender Offer
02 Luglio 2019 - 12:00PM
Business Wire
E2open, LLC (“E2open”), the one place in the cloud to run your
supply chain, and Amber Road, Inc. (NYSE: AMBR) (“Amber Road”)
today announced the successful completion of the previously
commenced cash tender offer by Chicago Merger Sub, Inc., a wholly
owned subsidiary of E2open (the “Purchaser”), to purchase all of
the outstanding shares of common stock of Amber Road.
The tender offer expired at one minute after 11:59 p.m. Eastern
Time on July 1, 2019. A total of 23,640,724 shares of common stock
of Amber Road (excluding 487,177 shares tendered by guaranteed
delivery), representing approximately 78.4% of the outstanding
Amber Road shares, were validly tendered in and not validly
withdrawn from the tender offer. As of such expiration, all
conditions to the tender offer have been satisfied. As a result,
all Amber Road shares (and any additional shares tendered by
guaranteed delivery unless actual delivery does not occur) have
been irrevocably accepted by the Purchaser for payment, which will
be made on July 2, 2019.
At the same time as payment for the tendered shares on July 2,
2019, the Purchaser will merge with and into Amber Road, with Amber
Road continuing as the surviving company. As a result of the tender
offer and the merger, Amber Road will become a privately-held,
wholly owned subsidiary of E2open and Amber Road’s common stock
will cease trading on the New York Stock Exchange.
KeyBanc Capital Markets Inc. acted as exclusive financial
advisor to Amber Road. Dentons US LLP acted as Amber Road's legal
counsel. Credit Suisse and Lazard served as financial advisors to
E2open, and Willkie Farr & Gallagher LLP served as legal
counsel.
About Amber Road
Amber 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, Amber Road helps companies all over the world create
value through their global supply chain by improving margins,
achieving greater agility and lowering risk. Amber Road creates a
digital model of the global supply chain that enables collaboration
between buyers, sellers and logistics companies. Amber Road
replaces manual and outdated processes with comprehensive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. Amber Road provides 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.
About E2open
At E2open, we’re creating a more connected, intelligent supply
chain. It starts with sensing and responding to real-time demand,
supply and delivery constraints. Bringing together data from
customers, distribution channels, suppliers, contract manufacturers
and logistics partners, our collaborative and agile supply chain
platform enables companies to use data in real time, with
artificial intelligence and machine learning to drive smarter
decisions. All this complex information is delivered in a single
view that encompasses your demand, supply and logistics ecosystems.
E2open is changing everything. Demand. Supply. Delivered. Visit
www.e2open.com.
E2open, the E2open logo and Harmony are registered trademarks of
E2open, LLC. All other trademarks, registered trademarks and
service marks are the property of their respective owners.
Forward Looking Statements
This communication contains forward-looking statements. These
forward-looking statements generally include statements that are
predictive in nature and depend upon or refer to future events or
conditions, and include words such as “believes,” “plans,”
“anticipates,” “projects,” “estimates,” “expects,” “intends,”
“strategy,” “future,” “opportunity,” “may,” “will,” “should,”
“could,” “potential,” or similar expressions. By their nature,
forward-looking statements involve risks and uncertainty because
they relate to events and depend on circumstances that will occur
in the future, and there are many factors that could cause actual
results and developments to differ materially from those expressed
or implied by these forward-looking statements. Forward-looking
statements include, among other things, statements about the
prospective performance and outlook of the Company’s business and
those described in cautionary statements set forth from time to
time in Amber Road’s filings with the SEC, including its Form 10-K
for the fiscal year ended December 31, 2018 and Form 10-Q for the
quarterly period ended March 31, 2019. You are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date hereof. No assurances can be given as to,
among other things, whether the proposed transactions will be
completed or if any of the other events implied by the
forward-looking statements will occur or what impact they may have.
Amber Road expressly disclaims any intent or obligation to update,
supplement or revise publicly these forward-looking statements
except as required by law.
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E2open
Sales and Customer Information: Diane Mitchell | VP, Marketing |
E2open | Diane.Mitchell@e2open.com | 512-735-5692
Media Contact: WE Communications for E2open |
e2open@we-worldwide.com | 512-527-7029
Amber Road
Investor Relations Contact: Staci Mortenson, ICR |
InvestorRelations@AmberRoad.com | 201-806-3663
Media Contacts: Phil Denning, ICR | Phil.Denning@ICRinc.com |
646-277-1258 Annika Helmrich, Amber Road, US & Canada |
AnnikaHelmrich@AmberRoad.com | 201-806-3656 Martijn van Gils, Amber
Road, Europe & Asia | MartijnvanGils@AmberRoad.com | +31
858769534
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