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-0.00804597701149428 0.0148604269293923 0.0149425287356321 0.0164203612479475 0.008415435139573 0.0100985221674876 0.0147783251231527 0.0147783251231527
Stock impact report

Exclusive: Software vendor Envestnet explores sale after receiving takeover interest, sources say [Reuters]

Envestnet, Inc (ENV) 
Last envestnet, inc earnings: 2/20 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.envestnet.com/investor-overview
Company Research Source: Reuters
sale after receiving takeover interest, people familiar with the matter said on Tuesday. Envestnet, which has a market value of more than $3 billion, is working with investment bank Morgan Stanley to engage with potential acquirers, the sources said, cautioning that no deal is certain. Last year, Envestnet added three new directors to end a board challenge from activist investor Impactive Capital that had been pushing the company to improve its performance by cutting costs. Envestnet and Morgan Stanley did not immediately respond to requests for comment. Get U.S. personal finance tips and insight straight to your inbox with the Reuters On the Money newsletter. Sign up here. Reporting by Milana Vinn; Editing by Chizu Nomiyama Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab Milana Vinn Thomson Reuters Milana Vinn reports on technology, media, and telecom (TMT) mergers and acquisitions. Her content usually appears in the markets and deals se Show less Read more
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