Johnson Fistel, LLP Investigates Envestnet Deal Terms and for Potential Violations of Fiduciary Duties on Behalf of Shareholders
Envestnet, Inc (ENV)
Last envestnet, inc earnings: 2/20 04:05 pm
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US:NYSE Investor Relations:
investor.envestnet.com/investor-overview
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Source: GlobeNewswire
SAN DIEGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of Envestnet, Inc. (NYSE: ENV) concerning potential breaches of fiduciary duties related to the proposed sale of the Company to private equity firm Bain Capital. On July 11, 2024, Envestnet informed the public that it has agreed to a deal with Bain Capital, in which stockholders will receive $63.15 per share in an all-cash offer. Upon completion of the deal, Envestnet will be a private Company. Johnson Fistel’s investigation focuses on whether Envestnet’s board failed to satisfy its duties to the Company's stockholders, including whether the board sufficiently pursued alternatives to the acquisition, and whether the board secured the best possible price for Envestnet’s shares. It is particularly pertinent to note analyst projections for earnings and revenue growth, and Envestnet shares have historic
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News
- Envestnet, Inc. (NYSE: ENV) had its "neutral" rating re-affirmed by analysts at DA Davidson. They now have a $63.00 price target on the stock.MarketBeat
- Are Options Traders Betting on a Big Move in Envestnet (ENV) Stock? [Yahoo! Finance]Yahoo! Finance
- Envestnet, Inc. (NYSE: ENV) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- ENVESTNET UNVEILS NEW TECHNOLOGY FOR RIAS AT FUTURE PROOF 2024PR Newswire
- RBC Launches $1.76 Billion Loan for Envestnet Leveraged Buyout [BNN Bloomberg (Canada)]BNN Bloomberg
ENV
Earnings
- 8/9/24 - Beat
ENV
Sec Filings
- 9/16/24 - Form 8-K
- 8/30/24 - Form 4
- 8/30/24 - Form 4
- ENV's page on the SEC website