- Survivors pulled from Oklahoma tornado debris as toll falls |
- Analysis: Some Republicans see new scandal in Sebelius fundraising
- Convicted U.S. killer Arias would join tiny death row group
- Drop in U.S. underground water levels has accelerated -USGS
- Israel fires back at Syria after gunshots at its troops
A huge tornado tears through the Oklahoma City suburb of Moore, killing dozens. Slideshow
Timeline: Bidding war for Quest Software gets intense
(Reuters) - Quest Software Inc has become the target of a bidding war between Dell Inc and private investment firm Insight Venture Partners as each tries to gain control of the maker of enterprise management software.
March 9 - Quest enters into an agreement with Insight Venture Partners to go private in an all-cash deal worth about $2 billion, or $23 per share. Shares jump 24 percent to close at $24.07.
May 9 - Quest says it received multiple alternative proposals during its go-shop period. Shares closes up 10 percent at $25.17.
May 25 - Reuters reports that Dell is planning to offer between $23 and $26 per share to buy Quest.
June 1 - Negotiations for Dell to acquire Quest breaks down but lower-level representatives from both companies remain in touch, Reuters reports, citing sources. Shares fall 5 percent to close at $23.74.
June 14 - A strategic bidder proposes to buy Quest for about $2.15 billion, or $25.50 a share. Reuters confirms that the strategic bidder is Dell. Shares rise 9 percent to close at $26.06.
June 19 - Insight Venture Partners raises its bid for Quest to $2.17 billion, or $25.75 a share. Shares close flat at $26.52.
June 25 - Dell proposes to buy Quest for about $2.32 billion, or $27.50. Insight to have the right to match rival offers or adjust its own bid. Shares rise nearly 6 percent in morning trade.
(Reporting by Supantha Mukherjee in Bangalore, Nadia Damouni in New York)
- Tweet this
- Share this
- Digg this