SAN DIEGO and BELLEVUE, Wash., Oct. 6, 2014 (GLOBE NEWSWIRE) -- Shareholder rights law firm 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. 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.
View this information on Robbins Arroyo LLP's Shareholder Rights Blog: http://www.robbinsarroyo.com/shareholders-rights-blog/concur-technologies-oct-2014
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact attorney Darnell R. Donahue at (800) 350-6003, ddonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.