The duel between HP and Dell over 3PAR hit a fever pitch on Friday when HP countered Dell’s $27-per-share offering with a $30-per-share bid, bringing the value of the deal to about $2 billion. Later in the day, 3PAR announced that the HP bid was a “superior offer” to Dell’s, and 3PAR’s board of directors […]
The duel between HP and Dell over 3PAR hit a fever pitch on Friday when HP countered Dell’s $27-per-share offering with a $30-per-share bid, bringing the value of the deal to about $2 billion. Later in the day, 3PAR announced that the HP bid was a “superior offer” to Dell’s, and 3PAR’s board of directors notified Dell of its intention to terminate the merger agreement. Dell has three business days to respond.
Read the full story at InfoStor.
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