BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of E2open, Inc. ("EOPN” or "the Company") (Nasdaq: EOPN) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Insight Venture Partners, Inc. (“Insight”).
Click here to learn more about the investigation http://brodsky-smith.com/886-eopn-e2open-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, EOPN shareholders will receive only $8.60 in cash for each share of EOPN stock they own. The investigation concerns whether the Board of EOPN breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Insight is underpaying for EOPN. The transaction may undervalue EOPN and will result in a loss for many EOPN shareholders. For example, EOPN stock traded at $9.73 per share as recently as December 29, 2014 and traded at $21.34 per share on July 2, 2014. In addition, an analyst has set a $10.00 per share price target for EOPN stock.
If you own shares of EOPN stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/886-eopn-e2open-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.