PR Newswire
MILWAUKEE, July 11, 2024 /PRNewswire/ -- Ademi LLP is investigating Envestnet (NYSE: ENV) for possible breaches of fiduciary duty and other violations of law in its transaction with Bain Capital.
Click here to learn how to join our investigation https://www.ademilaw.com/case/envestnet-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Envestnet stockholders will receive $63.15 in cash for each share of common stock they own in a transaction valuing Envestnet at $4.5 billion. The transaction agreement unreasonably limits competing transactions for Envestnet by imposing a significant penalty if Envestnet accepts a competing bid. Envestnet insiders will receive substantial benefits as part of change of control arrangements.
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