NEW YORK, May 15, 2019 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Amber Road, Inc.
("Amber Road" or the "Company") (NYSE: AMBR) in connection with the
proposed acquisition of the Company by its digital supply chain
rival E2open. Under the terms of the agreement, Amber Road
shareholders will receive a mere $13.05 in cash per share.
If you own AMBR shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
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http://www.weisslawllp.com/
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WeissLaw is investigating whether Amber Road's Board acted to
maximize shareholder value prior to entering into the
agreement. Notably, AMBR stock has risen 38.38% in the past
12 months, and Wall Street analysts have issued an average rating
of a Strong Buy. The price targets for the stock range from a
low of $13.00 to a median of
$13.05 to a high of $14.00
Despite President and Chief Executive Officer of E2open
Michael Farlekas' belief that
"combining Amber Road's advanced trade management and supply chain
capabilities with E2open's end-to-end networked supply chain
solutions" will improve E2open's margins, lower risks and otherwise
benefit E2open's customers, WeissLaw is investigating whether the
merger will benefit Amber Road's shareholders.
WeissLaw is investigating whether Amber Road's Board breached
its fiduciary duties in agreeing to the merger. Specifically,
WeissLaw is concerned whether the Board conducted a fair process in
agreeing to the proposed acquisition, whether the proposed
acquisition undervalues the Company, whether the Company turned
down a better offer, and whether all material information related
to the proposed acquisition is fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP