Dell and Quest Software announced they have entered into a definitive agreement for Dell to acquire Quest, an award-winning IT management software provider offering a broad selection of solutions that solve the most common and most challenging IT problems. Under terms of the agreement, approved by the boards of directors of both companies, Dell will pay $28.00 per share in cash for each share of Quest for an aggregate purchase price of approximately $2.4 billion, net of Quest’s cash and debt. The transaction is expected to close in Dell’s third fiscal quarter, subject to approval by Quest’s shareholders and customary conditions.
Latham & Watkins LLP represents Quest Software in the transaction with a corporate team in the firm’s Orange County office led by partners Charles Ruck, Scott Shean and Michael Treska, with associates Jason Liljestrom, Justin Grad, Scott Akamine, Andrew Western, Mathew Davis-Ratner and Jeff Holgate. Advice was also provided on benefits and compensation matters by New York partner Bradd Williamson and associate Lori Goodman; on competition matters by Washington, D.C. partner Mike Egge and Jason Cruise; on tax by Los Angeles partner Pardis Zomorodi; on intellectual property matters by Silicon Valley partner Anthony Klein; and finance matters by Los Angeles partner Glen Collyer.
