ENV - Is Envestnet's $63.15 Per Share Sale Price Fair? Johnson Fistel LLP Investigates Deal Terms | Benzinga
SAN DIEGO, July 11, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of Envestnet, Inc. (NYSE:ENV) concerning potential breaches of fiduciary duties related to the proposed sale of the Company to private equity firm Bain Capital.
On July 11, 2024, Envestnet informed the public that it has agreed to a deal with Bain Capital, in which stockholders will receive $63.15 per share in an all-cash offer. Upon completion of the deal, Envestnet will be a private Company.
Johnson Fistel's investigation focuses on whether Envestnet's board failed to satisfy ...