Quest Software (QSFT) Announces $25.50/Share Superior Proposal

June 14, 2012 8:31 AM EDT
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Quest Software, Inc. (NASDAQ: QSFT) announced the receipt of a proposal from a strategic bidder to acquire all of the outstanding shares of Quest common stock for $25.50 per share in cash.

The board determined that the proposal constitutes a Superior Proposal, to the current $23 per share deal with Insight Venture Partners.

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