Dell Seals Quest Software Buy For $2.4B; John Swainson Comments

Dell Inc. (NASDAQ: DELL) has agreed to acquire Quest Software (NASDAQ: QSFT) for nearly $2.4 billion, or $28 per share. Dell was reportedly competing against a group led by private equity firm Insight Venture Partners to buy Quest. Dell and Quest said the purchase price is net of Quest’s cash and debt and the transaction is expected to close during Dell’s third fiscal quarter. Quest will...

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