Insight Tops Rival Bid of $25.50 a Share for Quest -Bloomberg
June 18 2012 - 3:24PM
Dow Jones News
Insight Venture Partners has raised its offer for Quest Software
Inc. (QSFT), topping the $25.50-per-share bid made by an
undisclosed strategic bidder earlier this month, Bloomberg News
reported Monday citing a person familiar with the matter.
Reuters last week, citing sources, said Dell Inc. (DELL) was the
unnamed bidder. In March, Quest agreed to be acquired by Insight
for $2 billion, or $23 a share.
Full story at
http://www.bloomberg.com/news/2012-06-18/insight-said-to-top-quest-s-prior-25-50-a-share-buyout-offer.html
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