1. Ademi Firm investigates ETWO for fiduciary duty breaches. 2. ETWO shareholders to receive $3.30 per share, valuing company at $2.1 billion. 3. Minority shareholders lack voting rights in the transaction. 4. Transaction limits competing bids with heavy penalties. 5. Investigation focuses on ETWO board's adherence to fiduciary responsibilities.
The investigation details and lack of shareholder rights could severely undermine investor confidence, reminiscent of past situations where similar allegations led to stock price declines.
The investigation could highlight governance issues that directly affect ETWO's stock appeal and future valuation.
Immediate effects may occur as news circulates in the market, similar to other announcements around fiduciary investigations which typically impact stock prices quickly.
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating E2open (NYSE: ETWO) for possible breaches of fiduciary duty and other violations of law in its transaction with WiseTech.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, shareholders of E2open will receive $3.30 per share in cash equating to an enterprise value of $2.1 billion. E2open public minority shareholders have no voting rights in the transaction and E2open insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for E2open by imposing a significant penalty if E2open accepts a competing bid. We are investigating the conduct of the E2open board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.