1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Quest Software, Inc. (NASDAQ:QSFT) Investor Investigation over potential Wrongdoing in Takeover

An investigation on behalf of investors of Quest Software, Inc. (NASDAQ:QSFT) in connection with the takeover was announced and NASDAQ:QSFT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

FOR IMMEDIATE RELEASE

 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
PRLog (Press Release) - Apr. 4, 2012 - 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) shares concerning whether the offer to acquire Quest Software, Inc. and the buyout process are unfair to investors in NASDAQ:QSFT shares.

If you are a current investor in Quest Software, Inc. (NASDAQ:QSFT) shares and purchased your NASDAQ:QSFT shares prior to March 9, 2012, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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) investors in connection with the proposed acquisition.

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) jumped from $19.40 per share on Thursday to $24.13 per share on Friday.

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) shareholders by failing to adequately shop the Company before entering into this transaction.

Those who are current investors in Quest Software, Inc. (NASDAQ:QSFT) and purchased their NASDAQ:QSFT shares prior to the announcement, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

# # #

The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Photo:
http://www.prlog.org/11840049/1

--- End ---

Click to Share

Contact Email:
***@shareholdersfoundation.com Email Verified
Source:Shareholders Foundation, Inc.
Phone:+1-(858)-779-1554
Zip:92108
City/Town:San Diego - California - United States
Industry:Banking, Business, Finance
Tags:qsft, nasdaq: qsft, quest software, Quest Software Inc, nasdaq, takeover, merger, acquisition
Shortcut:prlog.org/11840049
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share