Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of SciQuest Inc (NASDAQ:SQI) acted responsibly on behalf of investors’ profitability in the planned $509 million sale to Accel-KKR.

On May 31, 2016, SciQuest Inc (NASDAQ:SQI) and Accel-KKR announced that they had entered into a merger agreement. Under the terms of the merger agreement, Accel-KKR will offer SciQuest shareholders $17.75 per share in cash for all outstanding shares.    

Based in Morrisville, North Carolina, and founded in 1995 SciQuest Inc provides cloud-based business automation solutions for spend management.

The investigation is looking to uncover whether SciQuest Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $19.50 per share.

If you purchased SciQuest Inc (NASDAQ:SQI) prior to May 31, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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