E2open Shares Surge 25% Amid Acquisition Bid, Top Gainers and Losers in Pre-Market Trading

E2open Parent Holdings shares rose 25.2% in pre-market trading after the company agreed to be acquired by WiseTech Global for $3.30 per share. Other stocks moving in pre-market trading include SCWorx Corp., MicroCloud Hologram Inc., Incannex Healthcare Inc., CNFinance Holdings Limited, Diginex Ltd, Digital Ally, Inc., Silo Pharma, Inc., SharpLink Gaming, Inc., VivoPower International PLC, Prothena Corporation plc, Imunon, Inc., Oncolytics Biotech Inc., Powell Max Limited, Lazydays Holdings, Inc., BloomZ Inc., Cambium Networks Corp, Harmony Gold Mining Company Limited, and EHang Holdings Limited.

E2open Parent Holdings, Inc. (ETWO) saw its shares rise sharply in pre-market trading on May 28, 2025, after the company agreed to be acquired by WiseTech Global Limited (WTCHF) for $3.30 per share. This acquisition, which marks the conclusion of e2open's previously announced strategic review process, has significant implications for both companies and the broader logistics and supply chain industry.

Under the terms of the transaction, e2open stockholders will receive USD 3.30 per share in cash, equating to an enterprise value of USD 2.1 billion. The per-share purchase price represents a premium of approximately 28% over the company’s closing stock price on May 23, 2025, and a premium of approximately 68% over the company’s closing stock price on April 30, 2025 [1].

Andrew Appel, Chief Executive Officer of e2open, stated, "After a comprehensive strategic review and evaluation of a full range of options conducted by e2open, the Company’s Board, and Rothschild & Co, we have decided to enter this agreement with WiseTech Global, which we believe maximizes value for our shareholders and positions the Company for long-term success." Chinh E. Chu, Chairman of the Board of Directors of e2open, added, "We are confident that this process has resulted in an outcome which delivers significant value for our shareholders and underscores the strength of e2open’s solution portfolio and client base" [1].

The acquisition is expected to close in the second half of 2025, subject to customary closing conditions including applicable regulatory approvals. Upon completion, e2open's common stock will no longer be listed on the New York Stock Exchange [1].

WiseTech Global, an Australian shipping software company, made its biggest ever acquisition with this deal. The acquisition will add approximately 5,600 customers to WiseTech's existing customer base and is expected to contribute to earnings-per-share in the first year. WiseTech's founder, Richard White, expressed that this acquisition is a "huge step" toward the company’s goal of being the operating system of choice for global trade and logistics [4].

Pre-market trading on May 28 also saw notable movements in other stocks. SCWorx Corp. (WORX) rose 52.5% to $0.6138, MicroCloud Hologram Inc. (HOLO) jumped 37.5% to $7.43, Incannex Healthcare Inc. (IXHL) surged 28.7% to $0.2799, and CNFinance Holdings Limited (CNF) surged 20% to $0.57, among others [3].

The acquisition of e2open by WiseTech Global is a significant move in the logistics and supply chain sector, indicating a strategic shift towards consolidation and integration of advanced technologies. This deal is expected to create a robust platform that can cater to the world’s most complex supply chains, leveraging the strengths of both companies.

References:
[1] https://worldbusinessoutlook.com/wisetech-global-acquires-e2open-concluding-strategic-review/
[2] https://finance.yahoo.com/news/e2open-acquired-wisetech-global-3-120505593.html
[3] https://www.benzinga.com/25/05/45612567/why-e2open-shares-are-trading-higher-by-25-here-are-20-stocks-moving-premarket
[4] https://finance.yahoo.com/news/wisetech-buys-e2open-2-1-005635386.html