Needham analyst Scott Berg downgraded Cvent (CVT) to Hold from Buy after the company agreed to be acquired by an affiliate of private equity funds managed by Blackstone (BX) for $8.50 per share in cash.
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Published first on TheFly
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Read More on CVT:
- Cvent downgraded to Market Perform from Outperform at William Blair
- Cvent downgraded to Hold from Buy at Canaccord
- Cvent Gains on $4.6B Acquisition by Blackstone
- Cvent will not not provide guidance nor conference call due to Blackstone deal
- Cvent reports Q4 EPS (4c), consensus 6c
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