Quest Software Bid Raised to $2.32 Billion

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Quest Software Bid Raised to $2.32 Billion
Quest Software Inc. disclosed a higher, superior takeover offer from its "strategic bidder," elevating the battle for the data-management software maker to $2.32 billion. Quest said the undisclosed third party – reported to be Dell Inc. – boosted its offer to $27.50 a share. The bid has been deemed superior to the $2.17 billion, or $25.75 a share, offered by private-equity shops Insight Venture Partners and Vector Capital.

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