Thursday, September 2, 2010

3PAR Accepts HP's $33 Per Share Offer, Dell Withdraws

3PAR said today that it has accepted Hewlett Packard's $33 per share offer for the firm, and Dell said it would not increase its proposal, ending the bidding war for 3PAR. HP and Dell have been locked in a bidding battle since August 16th, when Dell initially offered $18.00 per share for 3PAR. HP soon entered the fray, and the firms traded increasingly large bids in an attempt to gain control of 3PAR.