$2.2B Insight-Vector Offer Wins Over Quest

Law360, New York (June 20, 2012, 6:00 PM ET) -- Three months after opening itself to a sale, Quest Software Inc. on Tuesday picked a bid — a $2.17 billion offer lodged by tech-focused private equity firms Insight Venture Partners and Vector Capital — that will take the California company private.

The $25.75-per-share price offered to Quest investors bests a $25.50 offer that came in Thursday from a mystery bidder widely rumored to be Dell Inc. Insight, which had already agreed to pay $23 per share in a $2 billion offer Quest had preliminarily approved, had...
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