$2.3B Offer For Quest Trumps Insight, Vector Bid

Law360, New York (June 25, 2012, 1:12 PM EDT) -- Quest Software Inc. announced Monday that it has received a $2.32 billion buyout bid, which reports say is backed by Dell Inc., squashing an offer recently put forward by tech-focused private equity firms Insight Venture Management LLC and Vector Capital.

The new offer proposes to buy up the California software company's stock for $27.50 per share, which is a more than 5 percent premium from the joint venture's offer, according to Quest.

While Quest declined to disclose the mystery bidder, multiple reports Tuesday pointed toward Dell,...
To view the full article, register now.