SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of E2open, Inc. And Encourages Investors To Contact The Firm For Additional Information

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of E2open, Inc. (“E2open” or the “Company”) (Nasdaq: EOPN) relating to the proposed buyout of the Company by Insight Venture Partners (“Insight”).

On February 5, 2015, E2open and Insight announced the signing of a definitive merger agreement pursuant to which Insight will acquire E2open in a transaction valued at approximately $273 million. Under the terms of the transaction, E2open shareholders are anticipated to receive $8.60 in cash for each share of E2open common stock held. The transaction is expected to close before the end of the first quarter of fiscal year 2016, though E2open shareholders will most likely be asked to vote on the transaction well before that time.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for E2open stock at $10.00 per share.

If you currently own common stock of E2open and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

Contacts

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com

Contacts

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com