H.P. raised its bid for 3Par to $27 a share in cash, or about $1.69 billion, just hours after Dell offered $24.30 a share in cash, or about $1.5 billion. H.P. said its bid represented an 11 percent premium from Dell’s earlier offer.Dell said in its statementthat 3Par’s board had accepted its offer.Source: NY Times
In a statement, David A. Donatelli, executive vice president and general manager for enterprise servers, storage and networking for H.P., said. “Not only is our offer superior to Dell’s proposal, H.P. remains uniquely positioned to execute on this combination given the number of synergies between the two companies.”
HP strikes back with higher bid for 3Par
Posted on Thursday, August 26 2010 @ 22:55 CEST by Thomas De Maesschalck