New $2.15B Bid For Quest Tops Insight's Offer

Law360, New York (June 14, 2012, 2:54 PM EDT) -- Quest Software Inc. could have a bidding war on its hands after an announcement Thursday that the California firm has received a $25.50-per-share buyout offer that values Quest at more than $2.15 billion, topping the proposal private equity outfit Insight Venture Partners LP has on the table.

Technology-focused Insight, which is headquartered in New York, now has three business days to up its offer — a $23-per-share bid that puts Quest at just under $2 billion — or the target company said in a statement Thursday...
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