Takeover Battle for Quest Software Heats Up (QSFT)

The takeover battle for Quest Software Inc. (NASDAQ:QSFT) is heating up, with the business-software company today announcing the receipt of a superior offer from a “strategic bidder”.

QSFT, which received a $25.75 a share takeover offer from Insight Venture, last week, today said that it received a $27.50 per share takeover offer from a strategic bidder. The company did not disclose the name of the bidder. The Wall Street Journal, citing a person with knowledge of the matter, says that the bidder is personal computer maker Dell Inc. (NASDAQ: DELL).

The $27.50 per share offer is nearly 20% above the $23 per share initial offer Quest received back in March from Insight Venture. It will be interesting to see if Insight Venture raises its offer once again following the latest proposal to acquire Quest Software. The private equity firm has three days to match the offer from the strategic bidder or come up with an offer that is superior.

QSFT stock is gaining momentum in early trading today as investors expect the takeover battle to continue. At last check, QSFT was trading 5.61% higher at $27.69 on above average volume of 1.74 million.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  Ben Branson

• 

  Peter Gold

• 

  Luis Aureliano

• 

  Graham Neary