Dell Announces It Is Buying Quest Softeware For $2.4 Billion In Cash
Submitted by News Desk 2 on Mon, 07/02/2012 - 12:15
Dell Inc has announced it will buy Quest Software for $2.4 billion in an all cash purchase, or $28 per share. The private investment firm Insight Ventures had originally offered $23 per share in March and a bidding war in June developed after Dell offered $25.50 per share for Quest Software. Insight Ventures later offered $25.75 per share for Quest, but was not enough against Dell's final offer.