Supply chain software provider E2open, with a new CEO in place and Elliott Investment Management still holding a significant stake in the company, is initiating a “strategic review” on its future.
The announcement Thursday morning sent the company’s stock price climbing. At the close, E2open’s stock on the Nasdaq was $4.33 a share, up 6.91% on the day but more importantly, up 101% from its recent low of $2.15 on Oct. 11. Its intraday high Thursday was $4.57.
Andrew Appel, who had the interim tag...