Energy News / Shareholders Foundation, Inc.

NYSE:AMBR Investor Alert: Investigation of Takeover of Amber Road, Inc.

Via: ReleaseWire

Updated 11:15 AM CDT, Tue, May 28,2019

An investigation on behalf of investors of Amber Road, Inc. (NYSE: AMBR) in connection with the proposed takeover was announced and NYSE: AMBR stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/28/2019 -- The takeover of Amber Road, Inc. is under investigation concerning whether the takeover of Amber Road, Inc. is unfair to NYSE: AMBR stockholders.

Investors who purchased shares of Amber Road, Inc. (NYSE: AMBR) and currently hold any of those NYSE: AMBR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Amber Road, Inc. breached their fiduciary duties owed to NYSE: AMBR investors in connection with the proposed acquisition.

East Rutherford, NJ based Amber Road, Inc. provides cloud-based global trade management (GTM) solutions in the United States and internationally. On May 13, 2019 E2open and Amber Road, Inc. (NYSE: AMBR) announced they have entered into an agreement for the acquisition of Amber Road in an all-cash transaction valued at approximately $425 million. Under the terms of the agreement, a subsidiary of E2open will commence a tender offer for all the outstanding shares of Amber Road common stock for $13.05 per share in cash.

However, the investigation concerns whether the offer is unfair to NYSE: AMBR stockholders. More specifically, the investigation concerns whether the Amber Road Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Amber Road, Inc. reported that its annual Total Revenue rose from $79.07 million in 2017 to $85.16 million in 2018.

Shares of Amber Road, Inc. (NYSE: AMBR) closed on May 24, 2019 at $12.96 per share.

Those who are current investors in Amber Road, Inc. (NYSE: AMBR) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseambr-investor-alert-investigation-of-takeover-of-amber-road-inc-1225070.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com