Quest Software Inc. (QSFT) announced the receipt of a proposal from a strategic bidder Thursday morning, to acquire all of the outstanding shares of Quest common stock for $25.50 per share in cash. The company had previously received a $23.00 per share in cash offer from Insight.
Quest Software gapped open sharply higher Thursday, but was range-bound throughout the session. The stock closed up by 2.20 at $26.06 on the highest volume of the year. Quest Software closed challenging the highs of the year, trading at over a 2-week high.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.