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 >
What's Going On With Texas Instruments (TXN) Stock?
What's Going On With Texas Instruments (TXN) Stock?
Jul 23, 2024
Texas Instruments Inc ( TXN ) shares are trading lower by roughly 2.9% to $200.02 Tuesday. Traders and investors are watching for the company’s second-quarter earnings report, which is confirmed for Tuesday’s after-hours session. According to analyst consensus estimates, TXN is expected to report EPS of $1.17 on revenue of $3.82 billion. Texas Instruments ( TXN ) shares are also...
Small-caps rally ignites options frenzy, but strategists urge caution
Small-caps rally ignites options frenzy, but strategists urge caution
Jul 23, 2024
NEW YORK, July 23 (Reuters) - U.S. small-cap stocks' long-awaited rally has ignited record trading in options contracts that would benefit from their persistent strength, though some strategists say further gains could be limited. The small-company focused Russell 2000 is up 9% over the last 10 sessions while the tech-heavy Nasdaq 100 has slipped 3% over that period in a...
Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation: WSJ
Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation: WSJ
Jul 23, 2024
Early employees of startups are often given shares as part of their compensation, which they can sell when the company goes public.Revolut may be aiming to allow employees to cash out their holdings while giving the fintech firm's valuation a boost ahead of an IPO.Digital bank Revolut plans to sell around $500 million of employee-owned shares, the Wall Street Journal...
Why Is Boeing Stock Seeing Blue Skies Today?
Why Is Boeing Stock Seeing Blue Skies Today?
Jul 23, 2024
The Boeing Company ( BA ) shares are trading higher on Tuesday. Boeing ( BA ) announced it has won contracts from major airline operators. In particular, the company disclosed an order for 20 additional 777-9 planes from Qatar Airways. The 777-9, the largest in its series, offers capacity for 426 passengers in a two-class setup and a range of 7,295...
Copyright 2023-2026 - www.financetom.com All Rights Reserved