(CVT): Johnson Fistel Investigates Proposed Sale of Cvent Holding Corp; Is $8.50 a Fair Price?
SAN DIEGO, March 28, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Cvent Holding Corp. (NASDAQ: CVT) ("Cvent") breached their fiduciary duties in connection with the proposed sale of the Company to an affiliate of private equity funds managed by Blackstone ("Blackstone").
- SAN DIEGO, March 28, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Cvent Holding Corp. (NASDAQ: CVT) ("Cvent") breached their fiduciary duties in connection with the proposed sale of the Company to an affiliate of private equity funds managed by Blackstone ("Blackstone").
- On March 14, 2023, Cvent announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone, in an all-cash transaction; Cvent stockholders would receive $8.50 per share in cash.
- Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given the company was valued at $13.00 in January of 2021.
- If you are a shareholder of Cvent and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker ( [email protected] ) at 619-814-4471.