Qlik Shareholders Okay Sale To Thoma Bravo

(RTTNews) - Business analysis software maker Qlik Technologies Inc. (QLIK) announced that, at a Special Meeting of Shareholders held on August 17, 2016, the holders of more than 77.50% of its shares voted to approve the adoption of the agreement pursuant to which leading private equity investment firm Thoma Bravo, LLC will acquire Qlik.

With the shareholder vote complete, all approvals required to complete the transaction have been received and the transaction is expected to close on August 22, 2016. Upon closing, Qlik shareholders will be entitled to receive $30.50 in cash for each share of Qlik common stock they hold.

In June 2016, Qlik Technologies said that following a review of strategic alternatives, it has agreed to be acquired by private equity investment firm Thoma Bravo, LLC for about $3 billion in cash.