Quest Software’s (NASDAQ: QSFT) board of directors has authorized a stock repurchase program covering up to $200 million of its common stock.
According to the firm, “the program replaces the $150 million stock repurchase program that Quest Software’s board of directors authorized in February 2011. Any stock repurchases may be made through open market and privately negotiated transactions, at times and in such amounts as management deems appropriate, including pursuant to one or more Rule 10b5-1 trading plans.”
