HP Responds To Dell, Ups Offer For 3Par To $1.8 Billion
Palo Alto-based HP said Thursday afternoon that it has upped its offer for 3PAR to $1.8 billion, or $27.00 per share in cash. The offer comes after news Thursday morning that 3PAR had accepted a revised, $24.30 per share offer for the firm from Dell. HP said that its revised proposal offers "superior value" to 3PAR's shareholders. The furious bidding war broke out Monday when HP decided to extend an offer to buy 3PAR, which had already agreed to be bought by Dell.
posted on Thursday, August 26, 2010
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Related stories:
> HP Counters Dell With $2.0 Billion Offer For 3PAR
> Dell Trumps HP On 3PAR Bid
> 3PAR Gets Matched Offer From Dell, at $1.8 Billion
> HP Challenges Dell Acquisition of 3PAR
> 3PAR Accepts HP's $33 Per Share Offer, Dell Withdraws
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