Deals
Quest Surges on $25.50-a-Share Buyout Offer Topping Insight
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Quest Software Inc., a maker of tools to help companies manage computer systems, rose above a new $25.50-a-share cash buyout offer from a strategic bidder that topped a previous agreement with Insight Venture Partners.
The shares increased 9.2 percent to $26.06 at the close in New York, for the biggest gain since May 9, when Quest said it got alternative buyout proposals after reaching a deal to be acquired by Insight for $23 a share in March. The stock has climbed 40 percent this year.