Dell ( DELL) is the "strategic bidder" that offered to buy Quest Software ( QSFT) for $2.15 billion in cash, sources familiar with the matter told Reuters. PC maker Dell is the unidentified company mentioned in a statement made by Quest, which disclosed on Thursday that it had received an offer from a "strategic bidder" of $25.50 a share, Reuters said. The reported Dell bid tops an earlier offer of nearly $2 billion from private investment firm Insight Venture Partners. Shares of Quest Software gained more than 9% Thursday to finish at $26.06. Dimon's Political Victory Rings Hollow for Shareholders: FBR
United Technologies ( UTX) received conditional approval from China for its $16.5 billion takeover of Goodrich ( GR), the maker of aircraft parts. Goodrich will be forced to divest its electrical power generation and transmission systems businesses and should sell 60% of joint venture Aerolec within six months, said China's Commerce Ministry. Shrewd Apple Means Never Having to Say Sorry
Best Buy ( BBY) shares rose more than 2% Thursday following an upgrade by Citigroup. Citigroup changed its rating on the consumer electronics retailer to neutral from sell. Best Buy shares are down 35% this year. Are Cash Cows Killing America?
Seagate Technology ( STX) said Thursday it reached a deal to acquire a controlling interest in storage device maker LaCie.
The Federal Reserve said that the U.S. government bailout funding that went to American International Group ( AIG) has been repaid, according to Bloomberg. Shares of AIG ticked up 12 cents, or 0.39%, to $31.15 in premarket trading Friday. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.