
Qlik Technologies (QLIK) Stock Surges on $3 Billion Thoma Bravo Deal
NEW YORK (TheStreet) -- Qlik Technologies (QLIK) stock is advancing by 4.25% to $30.20 in pre-market trading on Thursday, after the company agreed to be acquired by private equity firm Thoma Bravo in a $3 billion deal.
Qlik shareholders will receive $30.50 in cash for each share of Qlik stock, representing a 40% premium to the company's 10-day average stock price before March 3.
"We believe the proposed transaction is in the best interest of Qlik's shareholders and provides the company with additional flexibility to execute our strategic plan as we continue to diligently provide customers with the premier products and services they have come to expect," CEO Lars Björk said in a statement.
Qlik is a Pennsylvania-based provider of user-driven Business Intelligence (BI) solutions that enable its customers to make informed business decisions
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C-.
Qlik Technologies' strengths such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.
You can view the full analysis from the report here: QLIK
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles author.










