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E2open Proposes To Acquire Amber Road For $10.50 Per Share In Cash

Cloud supply chain management software company E2open Monday said it submitted a proposal to acquire Amber Road, Inc. (AMBR) $10.50 per share in cash. This proposal represents a 52 percent premium to Amber Road's closing stock price on February 9.

The non-binding proposal is for the combination of Amber Road's Global Trade Management capabilities with E2open's end-to-end Supply Chain Operating Platform.

E2open said it believes that its offer presents an immediate value creation opportunity for Amber Road's shareholders and will result in significant value creation for the two businesses' customers.

by RTTNews Staff Writer

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