My understanding of the issues is this:
The adductor originates at the hip (gluteal tuberosity) and inserts on the medial side of the femur and is therefore responsible for hip extension and thigh adduction. In order for the lifter to take advantage of the adductor's roll as a hip extensor during the ascent of the squat, the knees must stay out to act as an anchors for the adductors' contractile force to extend the hip (useful) vice adducting the knees (not useful, actually counterproductive). Not to mention the hip impingement issues that arise when the knees to collapse inward.
Knees go and stay out!