Yodlee (YDLE) Tops Q2 EPS by 1c
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Pacific Crest Downgrades Yodlee (YDLE) to Sector Weight
August 11, 2015 7:29 AM EDTPacific 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
August 10, 2015 4:29 PM EDTYodlee (NASDAQ: YDLE) to Resume Trading at 4:50 PM
... MoreEnvestnet (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
Envestnet (ENV) to Acquire Yodlee (YDLE) in $660M Deal
August 10, 2015 4:23 PM EDTEnvestnet, 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
