Law360, New York (June 25, 2012, 1:12 PM ET) -- 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,...
$2.3B Offer For Quest Trumps Insight, Vector Bid
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