Financial Engines (Nasdaq: FNGN) reached an agreement to be acquired by private equity firm Hellman & Friedman in an all-cash deal worth $3.02 billion.
The transaction is expected to close in the third quarter. Financial Engines shareholders will receive $45 a share in cash. The stock closed at $33.95 on Friday.
“Representing a more than 32 percent premium over last week’s close price, we feel this is a good outcome for Financial Engines shareholders,” Peter Heckmann, an analyst for D.A.…
Financial Engines (Nasdaq: FNGN) reached an agreement to be acquired by private equity firm Hellman & Friedman in an all-cash deal worth $3.02 billion.
The transaction is expected to close in the third quarter. Financial Engines shareholders will receive $45 a share in cash. The stock closed at $33.95 on Friday.
“Representing a more than 32 percent premium over last week’s close price, we feel this is a good outcome for Financial Engines shareholders,” Peter Heckmann, an analyst for D.A.…