WiseTech in position to consider E2open buyout, says Morgan Stanley; stock up
ReutersMay 8, 2025 3:53 AM
WiseTech Global WTC.AX rises 3.3%
Australian cloud computing firm in financial position to explore all software opportunities in the supply chain ecosystem, Morgan Stanley says
Notes co in net-cash position; can generate significant free cash-flow
Adds it has successful track record of M&As and integrating them into one platform; has created significant shareholder value in the past
Last month, ASX-listed WiseTech confirmed speculation it was participating in a strategic review of U.S.-based cloud logistics company E2open ETWO.N
Stock down ~22% YTD
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