Symphony Technology outbid once again in quest to buy MSC.Software

By Lisa Kerner

Charlotte, N.C., Sept. 15 - MSC.Software Corp. said the private equity firms seeking to buy the company upped their bid to $8.15 per share from $8.00 after Symphony Technology Group increased its offer for MSC to $8.00 per share from $7.35.

The latest offer from the private equity firms has been deemed superior to Symphony's revised offer, an MSC news release said.

Symphony, a strategic private equity firm based in Palo Alto, Calif., has until Monday to make a responsive offer, according to MSC.

MSC is a Santa Ana, Calif., simulation software company.

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