BUZZ-WiseTech in position to consider E2open buyout, says Morgan Stanley; stock up

Reuters
08 May
BUZZ-WiseTech in position to consider E2open buyout, says <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a>; stock up

** WiseTech Global WTC.AX rises 3.3%

** Australian cloud computing firm in financial position to explore all software opportunities in the supply chain ecosystem, Morgan Stanley says

** Notes co in net-cash position; can generate significant free cash-flow

** Adds it has successful track record of M&As and integrating them into one platform; has created significant shareholder value in the past

** Last month, ASX-listed WiseTech confirmed speculation it was participating in a strategic review of U.S.-based cloud logistics company E2open ETWO.N

** Stock down ~22% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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