Monday, 25 June 2012

Quest Software gets $2.32 billion bid from strategic bidder

By on 06:15

Quest Software said a strategic bidder proposed to buy the maker of enterprise management software for about $2.32 billion in cash, trumping an earlier offer of nearly $2.17 billion from private investment firm Insight Venture Partners.
The new offer of $27.50 per share from the unidentified bidder is at a 5 percent premium to Quest's Friday close of $26.22.


Post a Comment