financetom
Business
financetom
/
Business
/
Market Chatter: Enfusion Evaluates Options Including Potential Sale -- Shares Jump
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Enfusion Evaluates Options Including Potential Sale -- Shares Jump
Sep 21, 2024 7:43 PM

02:39 PM EDT, 09/20/2024 (MT Newswires) -- Enfusion ( ENFN ) is exploring a potential sale among options after receiving takeover interest from potential buyers, including private equity firms, Reuters reported Friday, citing people familiar with the matter.

The company, which has a market value of $1.1 billion, is in talks with investment bankers to weigh strategic options, according to the report. A sale process has not yet been launched.

Enfusion ( ENFN ) did not immediately reply to requests for comment from MT Newswires.

Company's shares were up 8% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 9.25, Change: +0.70, Percent Change: +8.19

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
IAC Considers A Spin-Off Of Angi After Q3 Report
IAC Considers A Spin-Off Of Angi After Q3 Report
Nov 11, 2024
IAC announced in its third-quarter earnings report that it is considering a strategic move to spin off its ownership stake in Angi Inc. ( ANGI ) . This news comes as Angi ( ANGI ) shares traded lower after-hours, following the company's third-quarter financial results. IAC's potential spin-off would make Angi ( ANGI ) a stand-alone entity, allowing it to...
Singapore's Grab raises annual revenue forecast, shares jump
Singapore's Grab raises annual revenue forecast, shares jump
Nov 11, 2024
(Reuters) -Singapore's Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season. U.S.-listed shares of the company jumped more than 10% in extended trading. Grab's mainstay food delivery business has been recovering from a post-pandemic slump in demand...
BRIEF-Dish Bondholders Rejects Proposed Offer To Acquire DirecTV Which Is Contingent Upon Bondholders Accepting
BRIEF-Dish Bondholders Rejects Proposed Offer To Acquire DirecTV Which Is Contingent Upon Bondholders Accepting "Haircut" Of $1.5 Billion - Document Seen By Reuters
Nov 11, 2024
Nov 11 (Reuters) - * DISH BONDHOLDERS REJECTS PROPOSED OFFER TO ACQUIRE DIRECTV WHICH IS CONTINGENT UPON BONDHOLDERS ACCEPTING HAIRCUT OF $1.5 BILLION - DOCUMENT SEEN BY REUTERS Source text: ...
New York Times Tech Guild to return to work, negotiations will go on
New York Times Tech Guild to return to work, negotiations will go on
Nov 11, 2024
(Reuters) - The New York Times Tech Guild is ending a week-long strike that started one day before the U.S. presidential election and will return to work on Tuesday, it said in a post on X on Monday. More than 600 tech workers of NYT, including software engineers, designers and product managers, had gone on a strike amid stalled contract...
Copyright 2023-2026 - www.financetom.com All Rights Reserved