Bull & Lifshitz, LLP Announces Investigation of Convio, Inc.

NEW YORK, Jan. 19, 2012 /PRNewswire/ -- Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Convio, Inc. (NASDAQ: CNVO) (referred to as "Convio" or the "Company") to Blackbaud, Inc. ("Blackbaud"), in a cash transaction with an enterprise value of approximately $275 million.

Under the terms of the agreement, Blackbaud will acquire all outstanding shares of common stock of Convio for $16.00 per share.  The acquisition is structured as a cash tender offer followed by a merger, and is expected to close during the first quarter of 2012.  The consummation of the tender offer is subject to various conditions, including a minimum tender of at least a majority of outstanding Convio shares.  All Convio directors and officers and certain of its affiliates (representing over 30% of Convio's total outstanding shares) have agreed to tender all of their respective shares subject to tender and support agreements. 

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.

If you are a holder of Convio common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.  

If you are a shareholder of Convio and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: [email protected].  All e-mail correspondence should make reference to Convio.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions.  For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz, LLP.  The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Joshua M. Lifshitz, Esq.
Bull & Lifshitz, LLP
Phone:  212-213-6222
Fax:  212-213-9405
Email: [email protected]

SOURCE Bull & Lifshitz, LLP

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