Robbins Arroyo LLP: An Investor Has Filed a Class Action Challenging Buyout of Concur Technologies by SAP SE
Robbins Arroyo LLP announces that a law firm purporting to represent an investor has filed a class action lawsuit on September 25, 2014, in the Court of Chancery of the State of Delaware, opposing the proposed acquisition of Concur Technologies, Inc. (NASDAQ: CNQR) by SAP SE (NYSE: SAP). On September 18, 2014, the companies announced that Concur and SAP’s subsidiary, SAP America, Inc., signed a definitive merger agreement pursuant to which SAP America will acquire all outstanding shares of Concur for $129.00 per share in cash. The complaint seeks relief on behalf of the named plaintiffs and all other similarly situated shareholders of Concur Technologies.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.