Reuters: Technology News: Quest Software gets $2.32 billion offer from strategic bidder

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Quest Software gets $2.32 billion offer from strategic bidder Jun 25th 2012, 13:34 Mon Jun 25, 2012 8:46am EDT (Reuters) - Quest Software said a strategic bidder proposed to buy the maker of enterprise management software for about $2.32 billion in cash, trumping an earlier offer of nearly $2.17 billion from private investment firm Insight Venture Partners. The new offer of $27.50 per share from the unidentified bidder is at a 5 percent premium to Quest's Friday close of $26.22. (Reporting by Supantha Mukherjee in Bangalore and Nadia Damouni in New York; Editing by Sriraj Kalluvila)

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