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home / news releases / CVT - Cvent drops after report it rejected Blackstone $8/share bid

CVT - Cvent drops after report it rejected Blackstone $8/share bid

Cvent Holding Corp.

  • Cvent ( NASDAQ: CVT ) fell 2.9% after a report that the cloud-based event-software maker rejected a $3.9 billion offer from Blackstone ( BX ).
  • Blackstone is said to be taking a break from negotiations after Cvent ( CVT ) rejected the $8 a share offer, according to a Reuters report, which cited people familiar. Cvent wasn't exploring a sale when it was approached by the private equity giant.
  • The news comes after the WSJ reported late last month that Cvent ( CVT ) was exploring a sale that could be valued at more than $4 billion.
  • Cvent ( CVT ) in not new to private equity owners as the company was taken private in 2016 by Vista Equity Partners for $1.65 billion.

For further details see:

Cvent drops after report it rejected Blackstone $8/share bid
Stock Information
Company Name: Cvent Holding Corp.
Stock Symbol: CVT
Market: NASDAQ
Website: cvent.com
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