NEW YORK, June 2, 2016 /PRNewswire/ -- On June 2, 2016, a private equity firm, Thomas Bravo, LLC announced that it is acquiring Qlik Technologies Inc. (NASDAQ: QLIK) for $30.50 per share. According to Carl Stine, who is a partner at Wolf Popper LLP, "The price offered by Thomas Bravo clearly does not reflect the true value of the Company as the premium is just a mere 5% above Qlik's closing price on June 1, 2016." The offer price is below Qlik's 52-week high of $41.92 per share and below the median analysts' price target of $34.96 per share.
Wolf Popper is investigating claims on behalf of investors in Qlik concerning the transaction. Qlik's shareholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or firstname.lastname@example.org.
Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2015 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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SOURCE Wolf Popper LLP