Form 8-K ENVESTNET, INC. For: Aug 10
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Envestnet (ENV) Tops Q2 EPS by 1c; Will Acquire Yodlee (YDLE) in $660M Deal
August 10, 2015 4:24 PM EDTEnvestnet (NYSE: ENV) reported Q2 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $102.7 million versus the consensus estimate of $101.98 million.
The company and Yodlee, Inc. (Nasdaq: YDLE) also announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which Envestnet will acquire all of the shares of Yodlee in a cash and stock transaction valued at $18.88 per share, or approximately $660 million on a fully-diluted equity value basis. As Yodlee has approximately $70 million in cash and cash... More
