Quest Software Announces Final Results of Modified Dutch Auction Tender Offer
Published July 7th, 2009
Quest Software, Inc. has announced the final results of its previously announced modified “Dutch Auction” tender offer, which expired at 5:00 p.m., New York City Time, on Tuesday, June 30, 2009.
Quest has accepted for purchase 6,850,871 shares in the tender offer, at a price of $14.00 per share, for a total cost of $95,912,194, excluding fees and expenses related to the tender offer. Based on the depositary’s final count, a total of 6,850,871 shares, including 1,248 odd lot shares, were validly tendered in the tender offer at a price of $14.00 per share. Accordingly, there will be no proration of the tenders received in the tender offer. The 6,850,871 shares purchased in the tender offer represent 7.23% of the shares outstanding on June 30, 2009.
The depositary will promptly make payment for the shares accepted for purchase.
About Quest Software, Inc.
Quest Software, Inc., a leading enterprise systems management vendor, delivers innovative products that help organizations get more performance and productivity from their applications, databases, Windows infrastructure and virtual environments. Quest also provides customers with client management through its ScriptLogic subsidiary and server virtualization management through its Vizioncore subsidiary. Through a deep expertise in IT operations and a continued focus on what works best, Quest helps more than 100,000 customers worldwide meet higher expectations for enterprise IT. Quest can be found in offices around the globe and at www.quest.com.
