John Kingston
Monday, October 16, 2023
Stock-battered e2open now has activist investor Elliott as big shareholder
Supply chain software provider e2open has a new shareholder in activist investor Elliott Management.
Supply chain software provider e2open has a new shareholder in activist investor Elliott Management.
With the completion of the rights offering, the beleaguered carrier has a completely new capital structure.
The formula for the rights offeirng could leave Elliott in control of more than 95% of the company’s outstanding common stock.