Enova International (ENVA) to Acquire OnDeck (ONDK) for $1.38/Share
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Enova to Acquire OnDeck to Create a Leading FinTech Company Serving Consumers and Small Businesses
July 28, 2020 4:16 PM EDTCHICAGO and NEW YORK, July 28, 2020 /PRNewswire/ -- Enova International (NYSE: ENVA) and OnDeck® (NYSE: ONDK), today announced that they have entered into a definitive agreement under which Enova will acquire all outstanding shares of OnDeck in a cash and stock transaction valued at approximately $90 million. The implied price of $1.38 per OnDeck share reflects a 43.6% premium to its 90-day volume weighted average price and a 90.4% premium based on the closing price of $0.73 per OnDeck share on July 27, 2020.
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