THE LATEST BID: Quest Software Inc. said Monday that it received a higher buyout offer worth about $2.32 billion from a bidder it did not identify.
THE HISTORY: The most recent offer of $27.50 per share follows a series of increasing bids that began after Quest announced in March that it was being acquired for $23 per share, or about $2 billion, from the investment firm Insight Venture Partners.
WHAT'S NEXT: In the event that shareholders do not support the most recent offer, the Aliso Viejo, Calif., company will grant the bidder the right to buy new shares of the company's stock equal to a 19.9 percent stake, or pay it a break-up fee under certain circumstances.
