BALA CYNWYD, Pa., March 23, 2023 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Cvent Holding Corp. (Nasdaq - CVT)
Under the terms of the agreement, Cvent will be acquired by an affiliate of private equity funds managed by Blackstone (“Blackstone”) in a transaction with an enterprise value of approximately $4.6 billion. Cvent stockholders will receive $8.50 per share in cash for each share of the Company they own. The investigation concerns whether the Cvent Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the Blackstone is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/cvent-holding-corp-nasdaq-cvt/.
Momentive Global (Nasdaq - MNTV)
Under the terms of the deal, Momentive will be acquired by a consortium led by Symphony Technology Group (“STG”) in an all-cash transaction that values Momentive at approximately $1.5 billion. Momentive shareholders will receive $9.46 in cash for each share of Momentive they own. The investigation concerns whether the Momentive Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether STG is paying too little for the Company. For example, the deal consideration is less than the 52-week high of $18.48 for the Company’s shares.
Additional information can be found at https://www.brodskysmith.com/cases/momentive-global-nasdaq-mntv/.
Univar Solutions Inc. (NYSE - UNVR)
Under the terms of the Merger Agreement, Univar will be acquired by funds managed by affiliates of Apollo (NYSE – APO) (the “Apollo Funds”) in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion. Univar Solutions shareholders will receive $36.15 per share in cash. The investigation concerns whether the Univar Solutions Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the Apollo Funds are paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/univar-solutions-inc-nyse-unvr/.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
