MILWAUKEE, March 14, 2023 /PRNewswire/ — Ademi LLP is investigating Cvent (Nasdaq: CVT) for possible breaches of fiduciary duty and other violations of law in its transaction with Blackstone.
Click here to learn how to join the action https://www.ademilaw.com/case/cvent-holding-corp or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Cvent’s financial outlook and prospects are excellent and yet Cvent’s shareholders are expected to receive only $8.50 per share for a total enterprise value of $4.6 billion. The transaction agreement unreasonably limits competing bids for Cvent by imposing a significant penalty if Cvent accepts a superior bid. Cvent insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Cvent’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Cvent.
If you own Cvent common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/cvent-holding-corp.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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SOURCE Ademi LLP