The Ademi Firm is investigating ON24 (NYSE: ONTF) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Cvent.
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Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, ON24 shareholders will receive $8.10 per share or a total consideration of approximately $400million. ON24 insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for ON24 by imposing a significant penalty if ON24 accepts a competing bid. We are investigating the conduct of the ON24 board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & Fruchter LLP Guri AdemiToll Free: (866) 264-3995Fax: (414) 482-8001
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SOURCE Ademi LLP
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