E2open Acquired By Insight Venture Partners
Foster City-based E2open, the developer of open trading and EDI software, said Thursday that Insight Venture Partners has agreed to acquire the company for approximately $273M. Insight will pay $8.60 per share in cash for E2open, which E2oen says is a 41 percent premium of the company's closing stock price as of February 4th. E2open was advised by BofA Merrill Lynch and Wilson Sonsini Goodrich & Rosati in the deal; Insight Ventures was advised by Willkie Farr & Gallagher LLP.
posted on Thursday, February 5, 2015
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