Deals
Quest Gets $27.50-a-Share Bid, Topping Insight’s Offer
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Quest Software Inc., the software maker that agreed to be bought by a group led by Insight Venture Partners, said it has received a higher offer of $27.50 a share in cash, the third buyout increase announced this year.
The bid from an unidentified strategic suitor is superior to a $25.75-a-share offer Quest accepted from Insight last week, the Aliso Viejo, California-based software company said today in a statement. Dell Inc. had previously offered to acquire Quest, according to a person familiar with the matter.