Harwood Feffer LLP Announces Investigation of Qlik Technologies Inc. (QLIK)

NEW YORK, June 2, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Qlik Technologies Inc. ("Qlik" or the "Company") (NasdaqGS: QLIK) concerning the proposed acquisition of the Company by private equity firm Thoma Bravo, LLC ("Thoma Bravo").

Under the terms of the offer, Thoma Bravo would acquire Qlik in a transaction valued at approximately $3 billion.  Pursuant to the deal, Qlik stockholders would receive $30.50 per share in cash, which is well below its 52-week high of $42.18.  The offer price is also far below a Wall Street analyst's price target of $55.00 per share.

Our investigation concerns whether the Qlik board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Qlik shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Peter W. Overs, Jr., Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers:  (877) 935-7400
(212) 935-7400
Email: povers@hfesq.com 
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Logo - http://photos.prnewswire.com/prnh/20120215/MM54604LOGO

 

SOURCE Harwood Feffer LLP