- E2open Parent Holdings Inc (NYSE:ETWO) will acquire a cloud-based logistics execution platform, BluJay Solutions, for 72.4 million shares and $760 million cash aggregating to $1.7 billion.
- BluJay shareholders will retain a 22% stake in E2openunder the arrangement.
- Certain BluJay shareholders, Francisco Partners, and Temasek can appoint one director to the E2open board.
- E2open has secured $300 million in private investment in public equity (PIPE) from institutional investors and a $380 million first-lien term loan to fund the arrangement.
- The arrangement has the potential to deliver a more powerful supply chain software platform built upon the leading global trade network, BluJay Solutions CEO Andrew Kirkwood said.
- E2open held $207.5 million in cash and equivalents as of Feb. 28, 2021.
- Price action: ETWO shares traded higher by 1.12% at $13.15 on the last check Thursday.
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https://variety.com/2022/streaming/global/amazon-prime-video-new-originals-spain-1235152158/
