Energy News / Shareholders Foundation, Inc.

NYSE:AMBR Investor Notice: Lawsuit Filed Against Acquisition of Amber Road, Inc.

Via: ReleaseWire

Updated 11:50 AM CDT, Fri, July 26,2019

A lawsuit was filed for investors in shares of Amber Road, Inc. (NYSE: AMBR) in connection with the proposed takeover and NYSE: AMBR stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 07/26/2019 -- The Shareholders Foundation announced that an investor, who currently holds shares of Amber Road, Inc. (NYSE: AMBR), filed a lawsuit against the takeover of Amber Road, Inc.

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 plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: AMBR stockholders by agreeing to sell Amber Road, Inc. cheaply via an unfair process.

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, plaintiff claims that the proposed consideration NYSE: AMBR shareholders will receive is grossly inadequate and undervalues Amber Road. Amber Road, Inc. reported that its annual Total Revenue rose from $79.07 million in 2017 to $85.16 million in 2018. In addition, the plaintiff alleges that the process is also unfair NYSE: AMBR stockholders

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-notice-lawsuit-filed-against-acquisition-of-amber-road-inc-1250566.htm

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