Thursday, August 26, 2010

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.