(Reuters) -Australian software company WiseTech Global on Monday said it will buy U.S.-based cloud logistics company E2open for $2.1 billion, including debt.
Under the deal, WiseTech is offering $3.30 in cash for every E2open share.
The offer reflects a 24.5% premium to the U.S. company’s last close on Friday.
WiseTech said the deal would be funded through a new, fully underwritten $3 billion debt facility .
The announcement comes weeks after WiseTech confirmed that it was participating in E2open’s strategic review.
A multi-billion dollar buyout of a U.S.-based company by WiseTech, which is known for its CargoWise platform, would help investors focus on the firm’s strategy.
(Reporting by Rishav Chatterjee in Bengaluru; editing by Diane Craft)
