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Dell (DELL) is the "strategic bidder" Quest Software (QSFT +9.2%) referred to this morning when...
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Thursday, June 14, 2012, 4:48 PM ETDell (DELL) is the "strategic bidder" Quest Software (QSFT +9.2%) referred to this morning when it announced it has received a $25.50/share buyout offer, sources tell Reuters. Prior talks with Dell reportedly involved a buyout price of $23-$26/share before breaking down. Quest closed at $26.06 today, which indicates speculators are once more betting on a higher bid arriving.
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