Neuberger Berman Group Engages with E2open Parent Holdings (ETWO)
Key Summary: The company initiated a strategic review on March 7, 2024, to enhance shareholder value. Elliott Investment Management (8.9%) and Neuberger Berman Group (12.8%) later announced plans to engage with the company on potential strategic transactions, each signing non-disclosure agreements with standstill provisions.
Market Cap: $1.4 billion | E2open Parent Holdings, Inc. provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific.
- On March 7, 2024, the company initiated a strategic review to improve shareholder value and strengthen its market position in supply chain management software. On April 12, 2024, Elliott Investment Management (8.9%) announced plans to engage confidentially with the company regarding this strategic review. To facilitate this engagement, Elliott has signed a non-disclosure agreement with the company that includes typical standstill provisions. Source
- On July 24, 2024, Neuberger Berman Group (12.8%) announced plans to engage with the management, board members, shareholders, and advisors regarding potential strategic transactions. Neuberger Berman Group has signed a non-disclosure agreement with the company for these discussions. Source
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