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Cvent +16%; takeover by Vista Equity Partners approved

Nov. 17, 2016 1:35 PM ETCvent, Inc. (CVT-OLD) StockCVT-OLDBy: Eric McCaffrey, SA News Editor
  • The deal had been thrown into question as the U.S. Department of Justice sought to further examine and potentially block the deal. Regulators had prior issued a request for additional time to review, one Vista Equity Partners had denied.
  • It's now reported that move has paid off, as the transaction has been cleared and is set to close on November 22.
  • Previously (April 18, 2016): Cvent to be taken private in $1.65B deal

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