E2open Signs Definitive Agreement to Be Acquired by Insight Venture Partners
On February 5, 2015, E2open, the leading provider of cloud-based solutions for collaborative planning and execution across global trading networks, announced that it has entered into a definitive agreement to be acquired by global private equity and venture capital firm Insight Venture Partners for approximately $273 million. Wilson Sonsini Goodrich & Rosati is advising E2open in the transaction.
Under the terms of the agreement, an affiliate of Insight will commence a tender offer for all the outstanding shares of E2open common stock for $8.60 per share in cash, representing a 41 percent premium over E2open's closing stock price on February 4, 2015. E2open's board of directors has unanimously approved the merger agreement and recommends that E2open shareholders tender their shares in the tender offer. Upon the closing of the transaction, which is subject to customary closing conditions, E2open will become a privately held company.
The WSGR team advising E2open in the acquisition includes:
Employee Benefits & Compensation:
For additional information, please see E2open's press release.