After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B

Thursday, 02 September 2010 15:22

After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B

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It looks like we're back to square one again. Dell has matched HP's $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR has accepted HP's bid. Dell had previously signed an agreement to acquire 3PAR for

$18 per share or $1.13 billion, with a provision for matching competing bids. HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for $1.8 billion. HP then offered $2 billion last Friday.