ON24 Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of ON24, Inc. - ONTF
Core Viewpoint - The proposed sale of ON24, Inc. to Cvent involves shareholders receiving $8.10 in cash per share, prompting an investigation into the adequacy of this consideration and the process leading to it [1] Company Summary - ON24, Inc. is set to be sold to Cvent, with shareholders receiving $8.10 for each share they own [1] - The investigation is led by former Attorney General of Louisiana Charles C. Foti, Jr. and the law firm Kahn Swick & Foti, LLC [1] Industry Context - The transaction is under scrutiny to determine if the sale price reflects the true value of ON24, indicating potential concerns about the fairness of the acquisition process [1]