Envestnet jumps on report of takeover interest
22/02/2022 19:08
** Shares of fintech co ENV.N rise as much as 13.2% to a
session high of $74.75 after a report says co is exploring
options after receiving takeover interest
** Stock has since then pared gains; it was last up ~9% at
$71.9
** ENV has been approached by at least one private equity
firm interested in acquiring it, Bloomberg News reports https://www.bloomberg.com/news/articles/2022-02-22/envestnet-said-to-weigh-options-after-getting-takeover-interest,
citing people familiar with the matter
** YTD, shares down 9.9% vs a 7.37% slide in the S&P 400
Midcap index .IDX
(Reporting by Sohini Podder in Bengaluru)
((sohini.podder@thomsonreuters.com))