WILMINGTON, Del., Aug. 11, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Yodlee, Inc. (NASDAQ GS: YDLE)?
- Did you purchase any of your shares prior to August 10, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Yodlee, Inc. ("Yodlee" or the "Company") (NASDAQ GS: YDLE) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Envestnet, Inc. ("Envestnet") (NYSE: ENV), in a transaction valued at approximately $590 million.
Click here to learn more: http://rigrodskylong.com/investigations/yodlee-inc-ydle.
Under the terms of the agreement, shareholders of Yodlee will receive $10.78 per share in cash and $8.10 per share in Envestnet stock for each share of Yodlee they own.
The investigation concerns whether Yodlee's board of directors failed to adequately shop the Company and obtain the best possible value for Yodlee's shareholders before entering into an agreement with Envestnet. According to Yahoo! Finance, at least one analyst has issued a price target for Yodlee stock at $19.00 per share.
If you own the common stock of Yodlee and purchased your shares before August 10, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://rigrodskylong.com/investigations/yodlee-inc-ydle.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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SOURCE Rigrodsky & Long, P.A.