We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Cvent Holding Corp. (“Cvent” or the “Company”) (NASDAQ: CVT) in connection with its proposed acquisition by an affiliate of Blackstone Inc. (NYSE: BX). Under the merger agreement, the Company’s shareholders will receive $8.50 in cash for each Cvent share, valuing it at $4.6 billion. The transaction includes a minority investment from the Abu Dhabi Investment Authority ("ADIA").
Weiss Law is investigating whether (i) Cvent’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $8.50 per share merger consideration adequately compensates Cvent’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $11 per share, $2.50 above the merger price.