Science & Technology
Sun, March 11, 2012 
NEW YORK--([ BUSINESS WIRE ])--Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of Quest Software, Inc. (aQuesta or the aCompanya) (NASDAQ: QSFT) (ISIN: US74834T1034) concerning the proposed acquisition of Quest by Quest CEO, Vinny Smith, and Insight Venture Partners in a cash transaction valued at approximately $2 billion.
The investigation concerns whether the Quest directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Quest CEO Smith would continue to run the company and Quest shareholders would receive $23.00 in cash per share of Quest common stock. However, Quest stock is currently trading above the $23.00 offer price and at least one analyst has set a target price as high as $29.00 per share. Additionally, the price to EBITDA and revenue multiples are below that of comparable transactions.
Quest shareholders seeking more information about this acquisition are advised to contact Rebecca Jarmon at [ rjarmon@pomlaw.com ] or 212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See [ www.pomerantzlaw.com ].
