Systems software maker accepts sweetened $2.1bn cash takeover bid

Quest Software, which makes tools to help companies manage computer systems, has accepted a sweetened $2.17bn (€1.73bn) $25.75-a-share bid from Insight Venture Partners and agreed to the addition of Vector Capital to the buyout group.

Systems software maker accepts sweetened $2.1bn cash takeover bid

Insight’s new cash offer of $25.75-a-share topped a per-share bid of $25.50 that Quest received last week. That offer came from computer maker Dell, according to a source.

The deal’s termination fee was increased to $25m from $6.3m, said California-based Quest. Quest shares are up 43% this year.

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