PHILADELPHIA, March 15, 2023 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is investigating Cvent Holding Corp. (NASDAQ: CVT) (“Cvent”) on behalf of the company’s shareholders.
Cvent shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email (skaskela@kaskelalaw.com / abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/cvent-holding-corp/ , for additional information about this investigation and their legal rights and options.
On March 14, 2023, Cvent announced that it would be acquired by private equity funds managed by Blackstone at a price of $8.50 per share. Following the closing of the proposed transaction, Cvent investors will be cashed out of their investment position, and Cvent’s shares will no longer be publicly traded.
The investigation is focused on: (i) whether the transaction as structured is fair to Cvent shareholders; (ii) whether Cvent shareholders will be receiving sufficient monetary consideration for their shares; and (iii) whether Cvent’s directors breached their fiduciary duties in agreeing to sell the company to Blackstone at $8.50 per share.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 – 0750
(888) 715 – 1740
www.kaskelalaw.com
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