June 20, 2012 at 11:11 AM EDT
Quest Accepts Sweetened Bid From Insight, Vector
Quest Software (QSFT) has announced that it's agreed to be acquired by two private equity funds, Insight Venture Partners and Vector Capital. Aliso, Calif.-based Quest's acceptance follows an increase in the buyout offer by the private equity group from $23 per share to $25.75 per share, or about $2.17 billion in cash. Quest also agreed to the inclusion of Vector Capital in the buyout group. Reports said Insight's successful offer topped a
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