Envestnet (ENV) is exploring options that could include a potential sale after receiving takeover interest, people familiar with the matter told Reuters’ Milana Vinn. Envestnet, a U.S. vendor of software that helps manage investments with a market value of more than $3B, is working with investment bank Morgan Stanley (MS) to engage with potential acquirers, the sources said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENV:
- Envestnet price target raised to $67 from $62 at DA Davidson
- Envestnet price target raised to $60 from $52 at Raymond James
- Envestnet Inc CEO William Crager to Step Down After 2024 Meeting
- New Supply Chain Risk for Envestnet – What’s the Latest?
- Envestnet price target lowered to $62 from $70 at DA Davidson