Enova International (ENVA) Tops Q2 EPS by 76c; Not Providing Guidance
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Enova Reports Second Quarter 2020 Results
July 28, 2020 4:16 PM EDTCHICAGO, July 28, 2020 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology and analytics company offering consumer and small business loans and financing, today announced financial results for the second quarter ending June 30, 2020.Â
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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