Envestnet shares are trading higher following a report suggesting the company is attracting interest from Advent and GTCR.
Portfolio Pulse from Benzinga Newsdesk
Envestnet shares are trading higher following a report suggesting the company is attracting interest from Advent and GTCR.
May 23, 2024 | 4:07 pm
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POSITIVE IMPACT
Envestnet shares are experiencing a rise due to reports of interest from private equity firms Advent and GTCR.
The news of potential acquisition interest from reputable private equity firms Advent and GTCR is likely to drive Envestnet's stock price higher in the short term as investors anticipate a possible buyout or strategic investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100