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CVT

Cvent

$31.04

-0.09 (-0.29%)

10:24
10/17/16
10/17
10:24
10/17/16
10:24

Cvent, Vista Funds extend termination date for merger agreement to April 17

In a regulatory filing earlier, Cvent announced on October 17 the company and Vista Equity Partners mutually agreed to extend the termination date specified in their merger agreement until April 17, 2017. "No other provisions of the merger agreement were otherwise amended or waived, and the merger agreement remains in full force and effect," Cvent stated in the filing.

CVT Cvent
$31.04

-0.09 (-0.29%)

04/19/16
WBLR
04/19/16
DOWNGRADE
WBLR
Market Perform
Cvent downgraded to Market Perform from Outperform at William Blair
William Blair analyst Justin Furby yesterday downgraded Cvent to Market Perform saying another bidder is unlikely to emerge following the company's deal to be taken private by Vista for $36 per share.
04/19/16
NEED
04/19/16
DOWNGRADE
NEED
Hold
Cvent downgraded to Hold from Buy at Needham
Cvent (CVT) is being acquired by Vista Equity Partners for $36 per share
05/09/16
JMPS
05/09/16
DOWNGRADE
JMPS
Market Perform
Cvent downgraded to Market Perform from Outperform at JMP Securities
05/09/16
JMPS
05/09/16
DOWNGRADE
JMPS
Market Perform
Cvent downgraded following merger at JMP Securities
As noted earlier, JMP Securities downgraded Cvent to Market Perform from Outperform. The firm downgraded the stock after the company agreed to merge with Vista. After reviewing Cvent's proxy statement, the firm says that the stock is "fairly priced."

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