Aliso Veijo-based Quest Software said late Tuesday that Insight Venture Partners and its affiliates have raised their offer for the firm to $25.75 per share in cash, up from their original offer of $23.00 per share in cash. The increased offer comes after a new, un-named strategic bidder offered $25.50 per share for the company last week. Quest said the new offer is a 33 percent premium to its closing stock price prior to the announcement of the Insight acquisition deal. The other strategic bidder on Quest is believed to be Dell Computer.
Top NewsWednesday, June 20, 2012
Quest Software Bidders Up Offer