Convio, Inc. (NASDAQ: CNVO)
Kendall Law Group, led by former federal judge Joe Kendall, is investigating Convio, Inc. (NASDAQ: CNVO) for shareholders in connection with the proposed acquisition by Blackbaud Inc. The national securities firm’s investigation seeks to determine whether Convio and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Convio shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at email@example.com.
On January 17, 2012, the companies announced the definitive merger agreement under which Convio would be acquired by Blackbaud, in a transaction valued at approximately $275 million. Under the terms of the agreement, Convio stockholders will receive $16.00 in cash for each share of Convio/CNVO common stock held. According to Thompson/First Call, analysts have set a price target as high as $17.00 per share for Convio’s stock. The firm’s investigation seeks to determine whether Convio and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.