An investigation for investors in NASDAQ:QLIK shares was announced concerning whether the takeover of Radnor, PA based Qlik Technologies Inc. for $30.50 per share is unfair to NASDAQ:QLIK stockholders.
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 email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Qlik Technologies Inc breached their fiduciary duties owed to NASDAQ:QLIK investors in connection with the proposed acquisition.
On June 2, 2016, Qlik Technologies Inc (NASDAQ:QLIK) 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, given that 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, the investigation concerns whether the offer is unfair to NASDAQ:QLIK stockholders. More specifically, the investigation concerns whether the Qlik Technologies Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Shares of Qlik Technologies Inc (NASDAQ:QLIK) closed on June 10, 2016 at $30.00
Those who purchased NASDAQ:QLIK shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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