M&A Recap: Dell’s BID for Quest Software, Research in Motion Shares PLUMMET

To the surprise of no observer, Dell (NASDAQ:DELL) is revealed as the “strategic bidder” that just made a $27.50 per share offer for Quest Software (NASDAQ:QSFT), according to Reuters. Quest shares have moved up considerably on Monday.

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Research In Motion (NASDAQ:RIMM) shares plummet once again, following a stern Morgan Stanley downgrade, and despite the firm’s hiring of JPMorgan and RBC for help in the evaluation of “strategic alternatives”. Further, RIM is said to be thinking about conducting a major sale of assets, and possibly changing its business model, as well as restating its commitment to a current turnaround plan. But the chronic selloffs seem to accentuate the Street’s attitude towards maybe too many plans at once, none of which resonate.

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