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.
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