BALA CYNWYD, Pa.--(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 firstname.lastname@example.org, 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.