QLIK TECHNOLOGIES MERGER INVESTIGATION ALERT - Andrews & Springer LLC is Seeking More Cash for Shareholders of Qlik Technologies


WILMINGTON, Del., June 27, 2016 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Qlik Technologies, Inc. (“Qlik Technologies” or the “Company”) relating to the sale of the Company to private equity firm Thoma Bravo LLC (“Thoma Bravo”). On June 2, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Thoma Bravo will acquire Qlik Technologies in a merger worth approximately $3 billion. As a result of the merger, shareholders are only anticipated to receive $30.50 per share. 

Andrews & Springer’s investigation focuses on the inadequate consideration that Qlik Technologies’ shareholders are expected to receive. Following the announcement of the merger, according to a Barron’s report, analyst Ed Maguire from CLSA Americas stated that Qlik “took the easy way out with little premium.” The consideration is also $11.42 below Qlik Technologies’ 52-week high of $41.92 and below the median price target of $34.96 of several financial analysts according to Yahoo! Finance.

Andrews & Springer is investigating whether Qlik Technologies’ directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value.

If you own shares of Qlik Technologies and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/qlik-technologies-class-action-investigation or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates. 

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.


            

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