Dell’s announcement of its planned Quest Software acquisition seemed more inevitable than surprising. Quest had been in play since March, when it said investment firm Insight Venture Partners offered $23 per share, or about $2 billion, for the company. The price jumped when an unidentified player entered the bidding against Insight and its ally Vector Capital, until Dell announced its successful bid of $2.4 billion or $28.00 per share. That’s a nearly 50 percent premium on Quest’s $19.40 ending price when the wheeling and dealing started.
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Dell Moves 1 Step Closer to End-to-End
Posted by: Charles King July 6, 2012 05:00 AMDell’s announcement of its planned Quest Software acquisition seemed more inevitable than surprising. Quest had been in play since March, when it said investment firm Insight Venture Partners offered $23 per share, or about $2 billion, for the company. The price jumped when an unidentified player entered the bidding against Insight and its ally Vector Capital, until Dell announced its successful bid of $2.4 billion or $28.00 per share. That’s a nearly 50 percent premium on Quest’s $19.40 ending price when the wheeling and dealing started.