Cvent Holding Corp.

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Ademi LLP is investigating Cvent (Nasdaq: CVT) for possible breaches of fiduciary duty and other violations of law in its transaction with Blackstone.

Ademi LLP alleges Cvent’s financial outlook and prospects are excellent and yet Cvent’s shareholders are expected to receive only $8.50 per share for a total enterprise value of $4.6 billion. The transaction agreement unreasonably limits competing bids for Cvent by imposing a significant penalty if Cvent accepts a superior bid. Cvent insiders will receive substantial benefits as part of change of control arrangements.