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 firstname.lastname@example.org 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.
Shareholders Foundation, Inc.
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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.
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