02 jul: USA/tendens: Købstilbud vil sende Amylin højere
02 jul: Vestas: Kinesisk konkurrent underskriver gigantisk aftale - NY
02-07-2012 15:18:00

Dell To Acquire Quest Software for $2.36 Billion Following Bidding War

By Victoria Stilwell

Business-software maker Quest Software Inc. (QSFT) agreed to be acquired by Dell Inc. (DELL) in a cash deal worth $2.36 billion, bringing a bidding war with a private-equity group to a close.

Quest shareholders will receive $28 a share, up significantly from the private-equity group's initial bid of $23 and marking a 0.7% premium to Friday's close. The offer is the latest in a months-long bidding war with a buyout group led by Insight Venture Partners and joined by buyout firm Vector Capital and Quest Chief Executive Vinny Smith.

Quest hadn't previously identified Dell as the rival bidder, though the company was widely named in media reports.

Quest, of Aliso Viejo, Calif., has faced mounting competition in its traditional specialty--software for managing databases--as vendors such as Oracle Corp. (ORCL) have introduced their own management tools. Quest Software responded by trying to diversify its business by acquiring smaller rivals.

The private-equity group initially agreed to buy Quest in March for $23 a share, later raising that offer to $25.75 a share, or $2.17 billion.

Dell last week offered $27.50 a share, or about $2.32 billion for Quest. Insight had the opportunity to match or beat the increased offer but struggled to put together financing despite last-minute efforts by Smith, The Wall Street Journal reported citing people familiar with the matter.

Quest last week said Dell's offer was superior without identifying the bidder.

The deal is expected to close in Dell's fiscal third quarter.

"The addition of Quest will enable Dell to deliver more competitive server, storage, networking and end user computing solutions and services to customers," said John Swainson, president of Dell Software Group. "Quest's suite of industry-leading software products, highly talented team members and unique intellectual property will position us well in the largest and fastest growing areas of the software industry."

Quest is the latest in a string of deals as it looks to expand past its core business of selling PCs. Dell earlier this year formed a unit dedicated to selling software and hired Swainson, the former head of CA Inc. (CA), to run it. Dell has announced several acquisitions this year, including security firm Sonicwall Inc. and "cloud computing" specialist Wyse Technology Inc.

The fight over Quest echoes a similar battle Dell waged for high-end data-storage maker 3Par Inc. in 2010. Dell eventually bowed out after Hewlett-Packard Co. (HPQ) bid $1.6 billion for the company, which makes rapidly accessible storage drives that allow corporations to run more efficient databases.

Shares of Quest slipped 0.4% to $27.70 in recent premarket trade as shares of Dell rose 1% to $12.63. Quest's stock is up 50% so far this year, while Dell's has fallen 14% in the same time period.

Write to Victoria Stilwell at Victoria.Stilwell@dowjones.com

(END) Dow Jones Newswires

July 02, 2012 09:18 ET (13:18 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
28 feb
OMXC20
  Noget af det allervigtigste, hvis man vil udvikle sig til en god investor, er, at nedskrive og ana..
72
27 feb
FING-B
Hvor mange grønne tomler kan vi samle her til spørgsmålet:   Er Swiftnick imbecil?   Grøn tommel, hv..
29
24 feb
CBRAIN
  I går kom cBrain med årsregnskab for 2016.   Jeg opdaterede senest min analyse af selskabet efter ..
20
09:41
VELO
Efter at have nærlæst regnskabet er det min vurdering at Veloxis er på rette vej. Jeg fokuserer prim..
18
24 feb
BAVA
For pokker hvor er de ved at gøre klar til at kører stærk hen over sommeren - Hvis vi lige kikker på..
18
25 feb
VWS
God formiddag Sidste dag for indsigelser var igår og jeg kan ikke umiddelbart se der har kommet nog..
17
28 feb
VELO
https://www.firstwordpharma.com/node/1453424?tsid=28®ion_id=3   Der er netop kommet meddelelse om..
14
25 feb
 
Selskaber der basere deres forretning på mass-data. Og gerne kombineret med biotech/medicin.   Vi st..
14
23 feb
NOVO-B
Det er rygtes til USA, at Invertor1 er blevet fyret, og at der nu kun ansættes forstandige folk igen..
14
28 feb
BAVA
Jeg har gjort det til en vane en gang i mellem at checke op på Bavarians hjemmeside for at se deres ..
13

Novo/fmd: Chefskiftet giver ikke ekstra udfordringer i USA

01-03-2017 11:37:56
Der er ingen grund til at tro, at Novo Nordisk vil blive forsinket eller sat tilbage på det amerikanske marked som følge af chefskiftet i Nordamerika.Novo Nordi..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Novo Nordisks afgående USA-direktør skal være topchef hos Falck - NY
2
Pandora/Jyske: Hæver anbefalingen til "stærkt køb" - NY
3
Novo/ABM: Direktørfarvel er en klar streg i regningen - NY
4
Mærsk og regeringen lander ny aftale om Nordsøolien - citat - NY2
5
Aktier/tendens: Novo og IC Group i fokus i svagt højere marked

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
1. marts 2017 20:58:21
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20170228.1 - EUROWEB1 - 2017-03-01 20:58:21 - 2017-03-01 20:58:21 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x