SAN DIEGO, April 18, 2016 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of Cvent, Inc. (NYSE: CVT) breached
their fiduciary duties in connection with the proposed sale of the
Company to Vista Equity Partners.
Additional Information:
Cvent provides a cloud-based enterprise event management platform
with solutions for corporate events and meetings in North America and internationally.
On April 18, 2016, Cvent announced
it had signed a definitive merger agreement with Vista. Under the
terms of the agreement, Vista will acquire 100 percent of the
outstanding shares of Cvent common stock; Cvent stockholders will
receive $36.00 in cash per share.
The investigation concerns whether the Cvent board failed to
satisfy their duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Cvent shares
of common stock. Nationally recognized Johnson & Weaver is
investigating whether the proposed deal price represents adequate
consideration, especially given one Wall Street analyst has a
$43.00 price target on the
stock.
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 or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please
include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP
