PRLog - Apr. 4, 2012 - SAN DIEGO -- The announcement by Quest Software, Inc. that it agreed to be acquired for $23 per NASDAQ:QSFT caused an investigation for investors in Quest Software, Inc. (NASDAQ:QSFT)
If you are a current investor in Quest Software, Inc. (NASDAQ:QSFT)
The investigations by law firms concern whether Quest Software, certain officers and directors, and/or others breached their fiduciary duties owed to Quest Software, Inc. (NASDAQ:QSFT)
On, Friday, March 9, 2012 – Quest Software, Inc. (NASDAQ: QSFT) announced that it had entered into agreements with affiliates of Insight Venture Partners, under which stockholders not affiliated with the buyout group would receive $23.00 per share in cash, valuing the Company at approximately $2.0 billion.
However, following the buyout announcement shares of Quest Software, Inc. (NASDAQ:QSFT)
Additionally, at least one analyst has set the high target price for NASDAQ:QSFT shares at $29 per share.,Both prices are well above well above the current offer. Fruthermore, NASDAQ:QSFT shares traded as early as July 2011 at $23.20,in April as high as $25.76 per share, and in December 2010 as high as $28.10 per share, leaving certain investors with no premium but rather asking them to hand their shares over at a discount.
Therefore the investigation for NASDAQ:QSFT investors concerns whether the Quest Software Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to Quest Software, Inc. (NASDAQ:QSFT)
Those who are current investors in Quest Software, Inc. (NASDAQ:QSFT)
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