WiseTech Global, one of the country’s largest software businesses but one mired in shareholder unrest, is in discussions to acquire New York-listed supply chain platform provider e2open for up to $3.5 billion.
The company was co-founded by billionaire Richard White, who is now its executive chairman despite the findings of a board-commissioned review that he misled other directors about his relationship with employees. Even while that governance scandal has played out, White has been busy sounding out several banks to help fund a big acquisition.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
