An investigation for investors, who currently hold NYSE:CVT shares , was announced concerning the takeover of Cvent Inc by Vista Equity Partners for $30.00 per share.
Investors who purchased shares of Cvent Inc (NYSE:CVT) and currently hold any of those NYSE:CVT shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Cvent Inc breached their fiduciary duties owed to NYSE:CVT investors in connection with the proposed acquisition.
On Apr 18, 2016 cloud-based enterprise event management company Cvent Inc (NYSE:CVT) announced that it has entered into an agreement to be acquired by affiliates of private equity firm Vista Equity Partners. Cvent stockholders will receive $36.00 in cash per share.
However, given that at least one analyst has set the high target price for NYSE:CVT shares at $43.00 per share and that NYSE:CVT shares traded in the open market as high as $37.25 per share on December 8, 2015, the investigation concerns whether the offer is unfair to (NYSE:CVT stockholders. More specifically, the investigation concerns whether the Cvent Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On May 2, 2016, Cvent Inc (NYSE:CVT) shares closed at $35.34 per share.
Those who are current investors in NYSE:CVT shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego