WILMINGTON, Del., June 29, 2016 (GLOBE NEWSWIRE) — Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announced today that a class action lawsuit has been filed by another law firm on behalf of stockholders of Qlik Technologies, Inc. (NASDAQ:QLIK) (“Qlik” or the “Company”) seeking to challenge the Company’s recently announced merger.

If you would like to join the class action, please visit our website or contact Craig J. Springer, Esq. at [email protected], 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. 

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. 

On June 2, 2016, Qlik and private equity firm Thoma Bravo LLC (“Thoma Bravo”) announced the signing of a definitive merger agreement pursuant to which Thoma Bravo will acquire Qlik in an all-cash merger worth approximately $3 billion. As a result of the merger, Qlik shareholders are only expected to receive $30.50 per share.

The consideration that Qlik shareholders are expected to receive is inadequate. 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’s 52-week high of $41.92 and below the median price target of $34.96 of several financial analysts.

On June 15, 2016, a Qlik shareholder represented by another law firm filed a class action complaint challenging Qlik’s merger with Thoma Bravo. The complaint was filed in the Pennsylvania Court of Common Pleas of Delaware County, captioned Willems v. Qlik Technologies Inc., et al, Case No. 2016-005249.

If you own shares of Qlik 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 [email protected], 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. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.