Qlik Agrees To Be Acquired By Thoma Bravo In $3 Billion Deal

By Ciara LinnaneMarketsMarketWatch Pulse

Visual analytics company Qlik Technologies Inc. said Thursday it has agreed to be acquired by private-equity firm Thoma Bravo in an all-cash deal valued at about $3.0 billion. Qlik shareholders will receive $30.50 in cash per each Qlik share, or a premium of 40% over the company's 10-day average stock price prior to March 3, 2016. Qlik will keep its corporate headquarters in Radnor, Pennsylvania. The company is expecting the deal to close in the third quarter. Shares rose 4% in premarket trade, but are down 9% in the year so far, while the S&P 500 has gained 2.7%.

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