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Qlik (QLIK) Stock Higher, Shareholders Approve Sale to Thoma Bravo

NEW YORK (TheStreet) -- Shares of Qlik Technologies (QLIK) were increasing on heavy trading volume early Wednesday afternoon as its shareholders approved the sale of the company to private equity firm Thoma Bravo.

At a shareholder meeting today, the holders of more than 77.5% of Qlik shares voted to approve Thoma Bravo's $3 billion acquisition of the company, according to a statement.

All approvals required to complete the transaction have now been received and the transaction is expected to close on August 22.

Upon closing, Qlik shareholders will be able to receive $30.50 in cash for each share of...