Dell suffers setback in bid for Quest

Jun 4, 2012 8:19 AM
Filed under Software

Second in a month.

Dell’s bid to acquire Quest Software hit yet another roadblock after negotiations over price once again fell through.

The break-off is the second in the pairs’ acquisition talks, after Dell’s offer of between $US23 and $US26 per share fell through last month. Quest’s shares dropped 5 percent yesterday following the announcement, closing at $US23.74.

The effort forms part of Dell’s ongoing bid to diversify and expand out of its traditional personal computer roots. Despite the recent set-back, sources told Reuters both companies remain in touch.

 Quest originally agreed to be acquired by US-based Insight Venture partners in March for $US23 per share, but later announced it had received numerous further offers during the “go-shop period”. 

Quest will face a “break-up” fee of between $US4.2 million and $US6.3 million if it terminates the deal with Insight. 

 
Follow us on Facebook and Twitter
 

Copyright © CRN Australia. All rights reserved.

Promo

Dell suffers setback in bid for Quest
Tags
 
 
 
Top Stories
AFL star joins Melbourne's Broadband Solutions
Shaun Grigg starts second job at peak of footy career.
 
Amazon Web Services killing it: revenue up 64%
Cloud vendor also triples operating income.
 
WestConnex signs national reseller Viatek
Five-year deal with Sydney Motorway Corporation.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
What's the most important factor when partnering with a new vendor?



Latest Comments
CRN Magazine

Issue: 347 | March 2016

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.