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Monday, Oct 7
Quantum jumps, company reportedly on the block
- DealReporter states Quantum (QTM +5%) has has received a buyout offer, and has initiated a sale process in response.
- Activist investor Starboard Value has reportedly been pressuring the low-end storage hardware/software vendor to evaluate ts options. Starboard took a double-digit stake in Quantum last year, and secured a board seat five months ago.