Monday, July 23, 2012

Quest Software Acquisition By Dell Passes Antitrust Review

The acquisition of Aliso Viejo-based Quest Software by Dell has gained approval from the Federal Trade Commission, according to the FTC, Dell is buying Quest for $2.4 billion, as it looks to bolster its software business. The deal is worth $28.00 per share in cash, and came after an extended bidding war between a private equity group led by Insight Venture Partners and a stealthy buyer--Dell--which only acknowledged the deal after winning the bid for Quest.

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