- 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.
Quantum jumps, company reportedly on the block
Oct 7 2013, 14:05 ET