Wisetech Global (WTCHF)

$WTCHF I am a freight forwarder and cargo wise customer. They just pulled a “gangster move “” on their customers. The new pricing model that was recently announced and then suddenly implemented without proper preparation increases costs for users another 10 to 50%, depending on your structure. They are also trying to insert themselves into the relationship between their customers, the freight forwarders, and the final customers. Too difficult to explain the mechanics / details here but suffice to say their customer base is not happy. They are openly taking advantage of the leverage that they have by increasing their already prohibitive cost. My company, and many others in the industry, are currently evaluating other options, planning to exit from the CW sytem. They forgot where their revenue comes from. Don’t think this stock will be doing well over the next 24 months.

$ETWO $WTCHF E2open to be acquired by WiseTech Global for $3.30 per share in cash E2open (ETWO) announced that it has entered into a definitive agreement to be acquired by WiseTech Global Limited (WTCHF), which marks the conclusion of e2open's previously announced strategic review process. Under the terms of the transaction, e2open stockholders will receive $3.30 per share in cash equating to an enterprise value of $2.1B. The per-share purchase price represents a premium of approximately 28% over the company's closing stock price on May 23, the last trading day prior to today's announcement, and a premium of approximately 68% over the company's closing stock price on April 30, the day prior to media reports regarding WiseTech's evaluation of a potential acquisition of e2open reported on May 1. E2open and WiseTech will continue to operate as independent companies until the transaction closes, which is expected in the second half of calendar year 2025. The transaction is subject to customary closing conditions including applicable regulatory approvals. In addition to unanimous board approval, shareholders holding in the aggregate a majority of the voting power of the issued and outstanding shares of common stock of e2open have approved the transaction by written consent. No other further action by e2open's shareholders is required to approve the transaction. Upon completion of the transaction, e2open's common stock will no longer be listed on the New York Stock Exchange. "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," said Andrew Appel, Chief Executive Officer of e2open. "WiseTech's global footprint and commitment to innovation are highly complementary to e2open's capabilities. Together, we will be able to offer a leading end-to-end platform for the world's most complex supply chains."