HP Increases Offer for 3Par to $33, Trumping Dell

Thursday Sep 2nd 2010 by Datamation.com Staff

The storage vendor has terminated its previous deal with Dell and accepted HP's latest offer.

Bloomberg: The bidding war between HP and Dell over enterprise storage vendor 3Par is now in its 18th day. Although it had previously accepted a $32 per share offer from Dell, 3Par announced today that it would terminate that deal and accept HP's $33 per share offer instead.

HP and Dell are the number one and number three largest PC makers, respectively.

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