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WiseTech Global Limited has completed its acquisition of E2open Parent Holdings, Inc. (NYSE:ETWO), a company with $609 million in annual revenue and $157.7 million in EBITDA, according to a statement released Monday and based on a filing with the U.S. Securities and Exchange Commission. The transaction was finalized Sunday, with E2open becoming a wholly owned subsidiary of WiseTech Global. According to InvestingPro data, E2open maintained a healthy gross margin of 65.3% despite recent challenges.
Under the merger agreement, each outstanding share of E2open Class A Common Stock was converted into the right to receive $3.30 in cash, excluding shares held by the company as treasury stock, by WiseTech or its affiliates, or those subject to appraisal rights. Shares of Series B-1 and B-2 Common Stock were similarly converted, while Class V Common Stock was cancelled without consideration. The deal values E2open at $1.13 billion market capitalization, with the stock showing strong momentum, delivering a 24% return year-to-date according to InvestingPro analysis.
All outstanding common units of E2open Holdings, LLC, except those held by the company or WiseTech, were also converted into the right to receive $3.30 per unit in cash. Company warrants became exercisable for the $3.30 per share price, with the warrant exercise price temporarily reduced to $3.2947 from Monday until September 3, 2025. After that date, unexercised warrants will be cancelled.
In connection with the merger, E2open notified the New York Stock Exchange that trading of its Class A Common Stock would be suspended before the market opened Monday. The company also requested delisting and deregistration of its shares, effective ten days after the NYSE files the required Form 25. E2open intends to file a Form 15 to terminate registration and suspend reporting obligations for its securities following the delisting. For detailed financial analysis of over 1,400 US stocks like E2open, investors can access comprehensive Pro Research Reports through InvestingPro.
The merger resulted in a change of control, with WiseTech Global now the sole owner of E2open. All members of E2open’s board of directors resigned at the effective time of the merger. Officers of the acquiring subsidiary became the officers of the surviving corporation. E2open’s CEO, Andrew Appel, and CFO, Marje Armstrong, stepped down from their roles and will assist with transition matters.
A cash-based transaction bonus program totaling up to $8,975,000 was approved for E2open’s named executive officers in connection with the merger. The certificate of incorporation and bylaws of E2open were amended and restated as part of the transaction.
All information is based on a press release statement and the company’s SEC filing.
In other recent news, E2open Parent Holdings reported its first-quarter earnings for fiscal year 2026, exceeding market expectations. The company achieved an earnings per share of $0.05, surpassing the forecasted $0.04, resulting in a 25% positive surprise. Revenue for the quarter reached $152.6 million, slightly above the anticipated $149.2 million. This marks a 1% year-over-year revenue growth, which is the company’s first positive revenue growth in over two years. UBS responded to these results by raising its price target for E2open from $2.50 to $3.30, while maintaining a Neutral rating on the stock. This adjustment reflects the solid results reported by the company. These developments indicate a positive trajectory for E2open as it moves forward in the fiscal year.
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