Wednesday, September 26, 2012

Quest Software Stockholders Give Nod To Dell Acquisition

The $2.4 billion acquisition of Aliso Viejo-based Quest Software has been approved by Quest's stockholders, the firm said Tuesday afternoon, after a meeting of the company's stockholders. The approval is one more step along a lengthy approval process for the acquisition, which was originally announced in July. Quest said the closing of the transaction is still subject to the satisfaction and waiver of remaining closing conditions. Dell acquired Quest Software after a bidding war with private equity firm Insight Venture Partners for the maker of IT management software.

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