Exclusive – Dell made rival $2.15 billion bid for Quest – sources
By Poornima Gupta and Nadia Damouni | Reuters –
(Reuters) – Dell Inc is the “strategic bidder” that offered to buy Quest Software for $2.15 billion (1.38 billion pounds) in cash, trumping a bid by Insight Venture Partners, sources familiar with the matter told Reuters.
The No. 2 U.S. personal computer maker is the unidentified company mentioned in a statement made by Quest, which disclosed on Thursday that it had received an offer from a “strategic bidder” of $25.50 per share – a 7 percent premium to Quest’s Wednesday close of $23.86.
Dell is being advised by Bank of America Merrill Lynch, two of the sources said.
Quest’s shares rose more than 9 percent to finish at $26.06 on Thursday.
Dell has been actively buying companies to
Category: Technology
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