Qlik To Acquire Attunity In $560 Mln Deal

(RTTNews) - Qlik will acquire all outstanding ordinary shares of Attunity Ltd. (ATTU) for a total value of approximately $560 million. Attunity shareholders will receive $23.50 in cash per share, representing a 18% premium to Attunity's last closing price of $19.93 per share on February 20, 2019. The agreement was unanimously approved by the boards of directors of Qlik and Attunity.

Closing of the transaction is subject to customary closing conditions, including the approval of Attunity shareholders and clearance from relevant regulatory authorities.

The transaction is expected to close in the second quarter.