Offer Represents Significant Premium of More than 50% over Unaffected Price of $6.89
Letter Seeks Engagement with Amber Road's Board of Directors
Proposal Expires on March 30, 2018
E2open, a leading cloud supply chain management software company, sent a letter on March 14, 2018 to the Board of Directors of Amber Road, Inc. (NYSE:AMBR) ("Amber Road" or the "Company") affirming E2open's prior proposal to engage in discussions regarding acquiring all of the outstanding shares of common stock of Amber Road for $10.50 per share in cash.
The letter stated that despite its repeated outreach, E2open has been unable to establish a substantive dialogue with the Company's Board of Directors and seeks engagement by the Company to begin discussing a potential transaction immediately. E2open also stated in the letter that its willingness to engage in discussions regarding a potential combination of the two companies would expire on March 30, 2018 if the Company fails to engage with E2open by such date.
The full text of the letter sent to Amber Road's Board of Directors is as follows:
Dear Members of the Board of Directors:
We believe many of the Company's shareholders not only want but also expect a transaction to be achieved. This likely explains why your stock price remains elevated to nearly 40% above the unaffected price. While E2open remains highly interested in a combination with Amber Road, our willingness to engage with the Company regarding a combination will expire on March 30, 2018.
Once again, we are highly interested in discussing a potential combination on an expedited timeline, and we are available to meet at any time. We would welcome the opportunity to present our proposal directly to the Company's Board of Directors or answer any questions that you or your advisors may have. We look forward to hearing from you soon.
This letter does not represent and will not create any legally binding or enforceable obligation. No such obligations will be imposed on E2open or the Company unless and until a mutually acceptable definitive agreement is executed by E2open (or an affiliate thereof), on the one hand, and the Company, on the other hand.
Very truly yours,
Michael Farlekas
CEO
E2open, LLC
Additional Information
Safe Harbor Statements
About E2open
View source version on businesswire.com: http://www.businesswire.com/news/home/20180315005311/en/
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
