Yodlee (YDLE) Tops Q2 EPS by 1c

Pacific Crest Downgrades Yodlee (YDLE) to Sector Weight

Pacific Crest downgraded Yodlee (NASDAQ: YDLE) from Overweight to Sector Weight and removed its price target (prior $19.00). The change follows its agreement to be acquired for $18.88 per share.

Analyst Josh Beck called the deal an indirect positive for positive for... More

Yodlee (YDLE) to Resume Trading at 4:50 PM

Yodlee (NASDAQ: YDLE) to Resume Trading at 4:50 PM

Envestnet (ENV) Tops Q2 EPS by 1c; Will Acquire Yodlee (YDLE) in $660M Deal

Envestnet (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

Envestnet (ENV) to Acquire Yodlee (YDLE) in $660M Deal

Envestnet, Inc. (NYSE: ENV), a leading provider of unified wealth management technology and services to financial advisors, and Yodlee, Inc. (Nasdaq: YDLE), the leading cloud-based platform driving digital financial innovation, today 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 equivalents, the transaction reflects an enterprise... More