NEW YORK, Sept. 19, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Concur Technologies, Inc. (NASDAQ: CNQR) ("Concur" or the "Company") on behalf of its shareholders. SAP SE ("SAP") and Concur jointly announced that they have entered into a definitive agreement that provides for the acquisition of Concur by SAP's subsidiary, SAP America, Inc. Pursuant to the transaction, SAP will acquire all of the outstanding common shares of Concur for $129 per share payable in cash.
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 Concur shareholders' best interests in connection with the sale process of Concur. The investigation seeks to determine if there was an adequate auction process and if SAP is underpaying for Concur shares. Indeed, analysts have projected that the true going forward inherent value of Concur is worth at least $130 per share, and Concur recently traded as high as $130.39 per share this past year.
If you are a shareholder of Concur and would like additional information as to how the acquisition may affect your rights as a shareholder, please call us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
