Quest Software (QSFT) Not Receiving Much Interest During 'Go Shop' Period -DealReporter
Tweet
Share
E-mailGet Alerts QSFT Hot Sheet
Join SI Premium – FREE
Quest Software (Nasdaq: QSFT) shares took a sharp move lower heading into the last two hours of trade Wednesday amid a DealReporter piece which suggested the company's "go shop" initiative is not getting much interest.
If no other bids are seen, the company will merge into Insight Venture Partners in a $2 billion deal, or at about $23 per share in cash to Quest holders.
Shares of Quest are down 1.7 percent to $23.55 this afternoon.
If no other bids are seen, the company will merge into Insight Venture Partners in a $2 billion deal, or at about $23 per share in cash to Quest holders.
Shares of Quest are down 1.7 percent to $23.55 this afternoon.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
- Myriad Uranium completes acquisition of Rush Rare Metals
- Two Harbors receives final approval for CrossCountry Mortgage merger
Create E-mail Alert Related Categories
Mergers and Acquisitions, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
