Law Office of Brodsky & Smith, LLC Announces Investigation of Quest Software, Inc.
March 13 2012 - 12:56PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Quest Software, Inc. (“Quest” or the “Company”) (NASDAQ: QSFT)
relating to the proposed acquisition by Insight Venture Partners
(“Insight”).
Under the terms of the transaction, Quest shareholders would
receive only $23.00 in cash for each share of Quest stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Quest
for not acting in the Company’s shareholders' best interests in
connection with the sale process to Insight. The transaction may
undervalue Quest as Quest stock traded at $26.44 on January 21,
2011 and recently traded at $24.63 on March 9, 2012. In addition,
an analyst has set a price target on Quest stock at $29.00 per
share.
If you own shares of Quest stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/394-qsft-quest-software-inc.html, or by
calling toll free 877-LEGAL-90.
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