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Stock Market & Financial Investment News

News Breaks
July 2, 2014
15:51 EDTENVEnvestnet price target raised to $55 from $50 at Barrington
Barrington raised its price target on Envestnet to $55 from $50 following meetings with management and after the company's acquisition of Placemark, which the firm views as consistent with its M&A strategy. Barrington keeps its Outperform rating on the stock.
News For ENV From The Last 14 Days
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November 19, 2015
14:27 EDTENVEnvestnet completes acquisition of Yodlee
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07:32 EDTENVEnvestnet, Yodlee complete calculation of per share cash, stock consideration
Envestnet (ENV) and Yodlee, Inc. (YDLE) announced that they have completed the calculation of the per share cash consideration and per share stock consideration applicable to Envestnet's acquisition of Yodlee. The acquisition was originally announced on August 10, 2015. As a result of the final calculation of Envestnet's volume weighted average sales price per share for the ten full trading days ending on and including November 17, 2015, the date that is the second full trading day prior to the anticipated closing of the Yodlee acquisition, changes in the capitalization of Envestnet and Yodlee since the announcement of the acquisition and taking into account the tax withholding and net share settlement procedures applicable to employee equity awards in the acquisition, the amount of cash and fraction of a share of Envestnet common stock that Envestnet will issue in exchange for each share of Yodlee common stock in the acquisition is: Per share cash consideration is $11.51, per share stock consideration is 0.1889; aggregate value for shares of Yodlee common stock is $17.49. A special meeting of Yodlee stockholders is scheduled to take place on November 19, 2015 at 10:00 a.m. California time.
November 17, 2015
10:12 EDTENVEnvestnet management to meet with JMP Securities
Meeting to be held in Los Angeles on November 17 hosted by JMP Securities.

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