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Follow on Google News | Quest Software, Inc. Investor Investigation over potential Wrongdoing in TakeoverAn investigation on behalf of investors of Quest Software, Inc. in connection with the takeover was announced and NASDAQ-QSFT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
If you are a current investor in Quest Software, Inc. 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. investors in connection with the proposed acquisition. On, Friday, March 9, 2012 – Quest Software, Inc. 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. 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. shareholders by failing to adequately shop the Company before entering into this transaction. Those who are current investors in Quest Software, Inc. 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. End
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