Law Offices of Howard G. Smith Announces Investigation of Quest Software, Inc.
March 14 2012 - 1:18PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
Quest Software, Inc. (“Quest” or the “Company”) (NASDAQ: QSFT)
related to the proposed acquisition of the Company by Insight
Venture Partners. The transaction is valued at approximately $2
billion or $23 per share.
The investigation concerns whether the Board of Directors of
Quest breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction. The
Company has seen substantial recent growth. Its share price has
skyrocketed from $18.22 on January 5, 2012 to $20.45 on March 1,
2012. Further, at least one analyst has set a target price for the
Company’s stock at $29.00.
If you are a shareholder of Quest, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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