Cvent Holding Corp.
CVENT (CVT) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Cvent Holding Corp.
(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Cvent Holding Corp. (NASDAQGM: CVT) (“Cvent” or the “Company”) relating to the sale of the Company to an affiliate of private equity funds managed by Blackstone. On March 14, 2023, the two parties announced the signing of a definitive merger agreement pursuant to which Blackstone will acquire Cvent in a merger worth $4.6 billion. As a result of the merger, Cvent shareholders are only anticipated to receive $8.50 per share in cash in exchange for each share of Cvent.
Our Firm's investigation so far has discovered that the merger appears to have significant conflicts of interest, thus making the process and consideration unfair. For example, funds affiliated with Vista Equity, which currently owns and controls over 82% of Cvent’s stock, is participating in financing the merger through non-convertible stock while Cvent’s remaining shareholders are receiving $8.50 per share in cash with no upside in the combined company.
If you own shares of Cvent and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/cvent-merger-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.