Thursday, June 14, 2012

Quest Software Gets $2.15 Billion Offer For Firm

Aliso Viejo-based Quest Software, the developer of IT management software, reported this morning that it has received a proposal from a strategic bidder to acquire all of the firm's outstanding shares for $25.50 per share in cash. The new offer, from the un-named strategic acquirer, trumps an earlier offer of $23.00 per share in cash announced by private equity firm Insight Venture Partners in March. Last month, it was rumored that Dell might be considering an offer for Quest, but it's unclear who this particular bidder is for the company.

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