The Shareholders Foundation announced that an investor in NASDAQ:QLIK shares filed a lawsuit in effort to halt the proposed takeover of Qlik Technologies Inc. for $30.50 per share.
Investors who purchased shares of Qlik Technologies Inc (NASDAQ:QLIK) and currently hold any of those NASDAQ:QLIK shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:QLIK stockholders by agreeing to sell Qlik Technologies Inc too cheaply via an unfair process to Thoma Bravo, LLC.
On June 2, 2016, Qlik Technologies Inc announced that it has entered into a definitive agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC in an all-cash transaction valued at approximately $3.0 billion. Under the terms of the agreement, Qlik shareholders will receive $30.50 in cash for each share of Qlik common stock they hold.
However, plaintiff claims that the proposed consideration NASDAQ:QLIK shareholders will receive is grossly inadequate and undervalues Qlik Technologies Inc. Indeed, at least one analyst has set the high target price for NASDAQ:QLIK shares at $40.00 per share and that NASDAQ:QLIK shares traded in August 2015 in the open market as high as $41.92 per share. In addition, the plaintiff alleges that the process is also unfair to Qlik Technologies Inc stockholder.
On July 19, 2016, shares of Qlik Technologies Inc (NASDAQ:QLIK) closed at $29.96 per share.
Those who purchased NASDAQ:QLIK shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
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