DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Quest Software Inc. (NASDAQ: QSFT) for shareholders in connection with the proposed acquisition by Insight Venture Partners. The national securities firmas investigation seeks to determine whether Quest Software and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Quest Software shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ investor@kendalllawgroup.com ].
On March 9, 2012, the companies announced the definitive merger agreement under which Quest Software would be acquired by Insight Venture Partners, in a transaction valued at approximately $2 billion. Under the terms of the agreement, Quest Software stockholders will receive $23.00 in cash for each share of Quest Software/QSFT common stock held. According to Thompson/First Call, at least one analyst has set a price target of $29.00 per share for Quest Softwareas stock. The firmas investigation seeks to determine whether Quest Software and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.