Envestnet’s Strategic Merger and Upcoming Delisting
Company Announcements

Envestnet’s Strategic Merger and Upcoming Delisting

Envestnet (ENV) just unveiled an announcement.

Envestnet, Inc. has announced a merger with BCPE Pequod Buyer, Inc. and its subsidiary, with Envestnet set to become a wholly owned subsidiary upon completion. The merger, unanimously approved by Envestnet’s board, offers $63.15 per share to its stockholders, with provisions for both service-vesting and performance-vesting awards. The transaction is underpinned by substantial equity and debt financing commitments and includes “no-shop” restrictions, with termination fees applicable under certain conditions. The deal is expected to result in the delisting of Envestnet’s shares from the New York Stock Exchange once finalized.

Learn more about ENV stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskLegal Hurdles Threaten Envestnet’s Merger and Financial Stability
TipRanks Auto-Generated NewsdeskEnvestnet Reports Strong Revenue Growth Amid Challenges
TheFlyEnvestnet reports Q3 adjusted EPS 70c, consensus 69c
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App