SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Concur Technologies, Inc. in Connection with the Sale of t...
23 Setembro 2014 - 10:45PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Concur Technologies, Inc. (“Concur” or the “Company”) (Nasdaq:
CNQR) relating to the proposed acquisition by SAP America, Inc., a
subsidiary of SAP SE (“SAP”).
Click here to learn more about the investigation
http://brodsky-smith.com/820-cnqr-concur-technologies-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Concur shareholders will
receive only $129.00 in cash for each share of Concur common stock
they own. The investigation concerns possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of
Concur for not acting in the Company’s shareholders' best interests
in connection with the sale process.
The transaction may undervalue the rapidly growing cloud-based
software company, as it represents only a slight premium above the
Company’s February 18, 2014 trading price of $128.08 and is below
an analyst price target for Concur stock of $130.00 per share. In
addition, SAP is only paying about nine times current forward
revenue estimates. It has been estimated that this price is only
seven times forward revenue estimates after adding back in
reasonable synergies and new sales opportunities.
If you own shares of Concur common stock and wish to discuss the
legal ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/820-cnqr-concur-technologies-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/820-cnqr-concur-technologies-inc.html
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