SHAREHOLDER ALERT: Weiss Law Investigates Cvent Holding Corp.
Nyenta.com/10232520

NEW YORK, March 15, 2023 ~ Weiss Law is conducting an investigation into potential 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 relation to its proposed acquisition by an affiliate of Blackstone Inc. (NYSE: BX). The transaction, which includes a minority investment from the Abu Dhabi Investment Authority ("ADIA"), values the Company at $4.6 billion and will see shareholders receive $8.50 in cash for each Cvent share.

The investigation is looking into whether the board acted in the best interests of shareholders when agreeing to the transaction, if the merger consideration adequately compensates shareholders, and if all information regarding the sales process and valuation of the transaction will be fully disclosed. At least one analyst has set a price target for Cvent shares at $11 per share, $2.50 higher than the merger price.

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Weiss Law has extensive experience litigating stockholder class and derivative actions for violations of corporate and fiduciary duties, having recovered over a billion dollars for defrauded clients and obtaining important corporate governance relief in many cases. Those with information or seeking legal advice concerning possible corporate wrongdoing, consumer fraud or anti-trust violations can contact Weiss Law via their website or by emailing them directly.

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