BUZZ-Australia's Wisetech rises on $2.1 billion acquisition of E2open

Reuters
26 May
BUZZ-Australia's Wisetech rises on $2.1 billion acquisition of E2open

** Shares of WiseTech WTC.AX rise as much 5.7% to A$105.72, their highest level since February 19

** Logistics software provider announces acquisition of U.S. cloud computing firm E2open ETWO.N for $2.1 billion

** Says deal fully funded via new $3 billion debt facility, underwritten by nine-lender syndicate

** This is co's biggest deal to date

** Stock down 17.4% YTD as of last close

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10