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Jun 25, 2012, 08.26 PM IST
Quest Software Inc has received a superior proposal from Dell Inc, the "strategic bidder" that has offered to buy the maker of enterprise management software for about USD 2.32 billion, a source close to the matter said
Dell's USD 27.50 per share cash bid beats an earlier offer of nearly USD 2.17 billion from a buyout group led by private investment firm Insight Venture Partners. A Dell spokesperson declined to comment.
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