Summary Box: HP blasts back with higher $1.69B offer for 3Par, tops Dell’s latest bid
By APThursday, August 26, 2010
Summary Box: HP, Dell volley offers for 3Par
QUICK RETURN: Hewlett-Packard Co. and Dell Inc. continued to bid on data-storage maker 3Par Thursday. HP raised its offer to $27 per share, or about $1.69 billion, topping the $24.30-per-share bid that Dell made public earlier in the day.
SECOND SET: Dell made a first offer of 18 per share for 3Par on Aug. 16. HP sparked the bidding contest with a counteroffer Monday.
THE TROPHY: Dell and HP hope to beef up their storage divisions as part of broader “cloud computing” efforts. They face stiff storage competition from NetApp and EMC.
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