Mizuho Securities Downgrades Qlik Technologies (QLIK) to Neutral Following Takeover

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Qlik Announces Agreement to be Acquired by Thoma Bravo for $30.50 Per Share

June 2, 2016 8:31 AM EDT

Transaction Valued at Approximately $3.0 Billion

Purchase Price Represents 40% Premium to Unaffected Stock Price

RADNOR, Pa.--(BUSINESS WIRE)-- Qlik (NASDAQ: QLIK) (the Company), a leader in visual analytics delivering intuitive solutions for self-service data visualization and guided analytics, today announced that, following a review of strategic alternatives, it has entered into a definitive agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC in an all-cash transaction valued at approximately $3.0 billion. The agreement was unanimously approved by Qliks board of directors.

Under the terms of the... More