03:26 PM EDT, 04/16/2024 (MT Newswires) -- (Updates with additional details in the second and third paragraphs.)

Envestnet ( ENV ) is exploring options, including a potential sale, after receiving takeover interest, Reuters reported Tuesday, citing people familiar with the matter.

The company is working with Morgan Stanley ( MS ) to deal with potential buyers, according to the report.

Envestnet ( ENV ) declined to comment to MT Newswires while Morgan Stanley ( MS ) did not immediately respond to a request for comment by MT Newswires.

(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.)