Cvent Inc. (CVT) announced Monday morning that it has agreed to be acquired by Vista Equity Partners for $36 per share in cash, or approximately $1.65 billion.
Cvent gapped open dramatically higher Monday, but moved in a narrow range throughout the session. The stock closed up by 13.93 at $35.23 on the highest volume of the year. Cvent jumped to a 3 1/2 month high.
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