October 16 End of Day Report: GovCon Index Holds Level With Market

GovConIndex
The GovCon Index entered the final hour of Wednesday trading at 62.696 — a nominal increase of 0.44 percent, or 0.28 points from Tuesday’s figures. Gainers led laggers 18-to-12 and Orbital Sciences (NYSE: ORB) recorded the largest increase at 6 percent after the company announced a 5-percent revenue jump for its third fiscal quarter. That percentage change was in line with those of...

Dell Seals Quest Software Buy For $2.4B; John Swainson Comments

Dell Inc. (NASDAQ: DELL) has agreed to acquire Quest Software (NASDAQ: QSFT) for nearly $2.4 billion, or $28 per share. Dell was reportedly competing against a group led by private equity firm Insight Venture Partners to buy Quest. Dell and Quest said the purchase price is net of Quest’s cash and debt and the transaction is expected to close during Dell’s third fiscal quarter. Quest will...