SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Cvent, Inc. (CVT) Over the Proposed Sale of the Compa...
22 April 2016 - 6:01AM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Cvent, Inc. (“Cvent” or the
“Company”) (NYSE:CVT) for potential breaches of fiduciary duties in
connection with the sale of the Company to Vista Equity Partners
for approximately $1.65 billion.
The Company’s stockholders will only receive $36.00 in cash for
each share of Company common stock they own. However, this offer is
below at least one analyst price target for Cvent stock at $43.00
per share as well as the 52-week high of $37.25 per share.
Click here for more information:
www.faruqilaw.com/CVT. There is no cost or
obligation to you.
The investigation focuses on whether Cvent’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of Cvent’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. Follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Cvent and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/CVT contact Juan Monteverde, Esq.
either via e-mail at jmonteverde@faruqilaw.com or by telephone at
(877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2016 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP685 Third Avenue, 26th FloorNew York, NY
10017Attn: Juan Monteverde, Esq.jmonteverde@faruqilaw.comToll Free:
(877) 247-4292Phone: (212) 983-9330
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