Friday, August 27, 2010

HP Counters Dell With $2.0 Billion Offer For 3PAR

In a rapid back and forth on bidding on 3PAR, HP said this morning that it has upped its offer to $2.0 billion, or $30.00 per share in cash, for 3PAR. The offer comes after Dell matched HP's offer of $1.8 billion, or $27.00 per share in cash, for storage developer 3PAR earlier this morning. The intense bidding war between HP and Dell started Monday, when HP put in a belated bid for 3PAR, after Dell and 3PAR had already agreed on an acquisition deal.