Dell Trumps HP On 3PAR Bid
HP's bid for 3PAR has been trumped by a new, $24.30 per share offer for the firm by Dell today, bringing the price for 3PAR up to $1.6 billion. Dell announced that 3PAR has accepted its new bid this morning, after HP announced its own offer of $24.00 per share for 3PAR Monday. Dell had originally agreed to pay $18.00 per share for 3PAR earlier this month. Dell said the upped bid has been accepted by 3PAR, and does not modify the firms' original timeline for completing the acquisition.
posted on Thursday, August 26, 2010
Related companies:
Dell Computer
Related stories:
> HP Challenges Dell Acquisition of 3PAR
> 3PAR Accepts HP's $33 Per Share Offer, Dell Withdraws
> 3PAR Acquired By Dell
> HP Counters Dell With $2.0 Billion Offer For 3PAR
> 3PAR Gets Matched Offer From Dell, at $1.8 Billion
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