CONCUR SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Concur Technologies, Inc. (CNQR) Over the Proposed Sale of the Company to SAP America, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Concur Technologies, Inc. (“Concur” or the “Company”) (NasdaqGS: CNQR) for potential breaches of fiduciary duties in connection with the sale of the Company to SAP America, Inc. for approximately $8.3 billion. The Company’s stockholders will receive $129.00 in cash for each share of Concur common stock they own. However, Concur has traded as high as $130.39 in the past year.
The investigation focuses on whether Concur’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Concur’s shareholders.
If you own common stock in Concur and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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