Concur Technologies, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by SAP
September 22, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of Concur Technologies, Inc. (“Concur” or the “Company”) (NASDAQ: CNQR) breached its fiduciary duty to its shareholders in agreeing to sell Concur to SAP’s subsidiary, SAP America, Inc.
Under the terms of the agreement, Concur shareholders will receive $129 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Concur shareholders and the process by which the Concur Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last twelve years.