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

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Macquarie Downgrades Qlik Technologies (QLIK) to Neutral

June 3, 2016 7:06 AM EDT

Macquarie downgraded Qlik Technologies (NASDAQ: QLIK) from Outperform to Neutral.

For an analyst ratings summary and ratings history on Qlik Technologies click here. For more ratings news on Qlik Technologies click here.

Shares of Qlik Technologies closed at $30.08 yesterday.

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Thoma Bravo to buy analytics firm Qlik in $3 billion deal

June 2, 2016 8:43 AM EDT

By Anya George Tharakan

(Reuters) - U.S. data analytics firm Qlik Technologies Inc (NASDAQ: QLIK) agreed to sell itself to private equity firm Thoma Bravo LLC for about $3 billion, the latest company to bow to pressure from activist hedge fund Elliott Management Corp.

Qlik's shares were up 4 percent at $30.13 in midday trading on Thursday, slightly below the offer price of $30.50 per share.

The shares had risen 20 percent through Wednesday's close since Elliott urged a sale in early March.

Qlik, which went public in... More

Thoma Bravo to Acquire Qlik Tech (QLIK) in $3B Deal

June 2, 2016 8:32 AM EDT

Qlik (NASDAQ: QLIK) 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 agreement, Qlik shareholders will receive $30.50 in cash for each share of Qlik common stock they hold. This price represents a premium of 40% to the Companys unaffected 10 day average stock price prior to March 3, 2016 of $21.83.1

We believe the proposed transaction is in the best interest of Qliks shareholders and... More