Harwood Feffer LLP (www.hfesq.com) has announced that it is investigating potential claims against the board of directors of Concur Technologies, Inc. (“Concur” or the “Company”) (NASDAQ: CNQR) concerning the proposed acquisition of the Company by SAP America, Inc., a subsidiary of SAP SE (“SAP”).
On September 19, 2014, Concur announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by SAP in a transaction valued at $8.3 billion.Ã‚Â Shareholders will receive only $129.00 in cash for each share of Concur they hold.
Our investigation concerns whether the Concur’s board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Concur shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Peter W. Overs, Jr., Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022