February 09, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of E2open Inc (NASDAQ:EOPN), was announced concerning whether the takeover of E2open Inc by venture capital firm Insight Venture Partners for $8.60 per share is unfair to NASDAQ:EOPN stockholders.

The investigation by a law firm concerns whether certain officers and directors of E2open Inc breached their fiduciary duties owed to NASDAQ:EOPN investors in connection with the proposed acquisition.

On February 5, 2015, E2open, Inc. (NASDAQ:EOPN) announced that it has entered into a merger agreement whereby venture capital firm Insight Venture Partners will acquire E2open in a transaction valued at approximately $273 million.
Under the terms of the agreement, an affiliate of Insight Venture Partners will commence a tender offer for all the outstanding shares of E2open common stock for $8.60 per share in cash.

However, given that at least one analyst has set the high target price for NASDAQ:EOPN at $10.00 per share and that NASDAQ:EOPN shares traded in the open market as recently as December 2014 as high as $9.93 and in early 2014 as high as $29.00, the investigation concerns whether the offer is unfair to NASDAQ:EOPN stockholders. More specifically, the investigation concerns whether the E2open Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.