SAN DIEGO, March 28, 2023 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP has opened an investigation into whether the board members of Cvent Holding Corp. CVT (“Cvent”) breached its fiduciary duties in connection with the proposed sale of the Company to a private equity fund subsidiary managed by Blackstone (“Blackstone”).

On March 14, 2023, Cvent announced that it had entered into a definitive agreement to be acquired by a subsidiary of private equity funds managed by Blackstone in a cash transaction; Cvent shareholders would receive $8.50 per share in cash.

The investigation addresses whether the Cvent board of directors has failed in its responsibilities to the company’s shareholders, including whether the board has appropriately pursued acquisition alternatives and whether the board has obtained the best possible price for Cvent’s common stock.

Johnson Fistel is investigating whether the proposed deal represents reasonable consideration, particularly given that the company was valued at $13.00 in January 2021.

If you are a Cvent shareholder and think the proposed acquisition price is underpriced, or would like to learn more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistula.com) at 619-814-4471. When emailing, please include your phone number.

Also, you can click or copy and paste the following link:

https://www.johnsonfistel.com/investigations/cvent-holding-corp

There are no costs or obligations for you.

About Johnson Fistula, LLP:
Johnson Fistel, 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 class action lawsuits involving shareholder derivatives and securities. For more information about the firm and its attorneys, visit https://www.johnsonfistula.com. attorney advertising. Past results do not guarantee future results.

Contact:
Johnson Fistula, LLP
jim baker, 619-814-4471
jimb@johnsonfistula.com