Done Deal: HP Gets 3PAR For $2.35 Billion In Cash

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Friday, 03 September 2010 00:00

Done Deal: HP Gets 3PAR For $2.35 Billion In Cash

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It's officially over. After Dell pulled out of the running this morning, HP has announced that it has entered into a definitive agreement to acquire data storage company 3PAR, for $33 per share in cash, or a value of $2.35 billion. The transaction has been approved by the boards of directors of both companies. This morning, HP

upped the ante with an offer worth $33 per share or $2.4 billion. 3PAR accepted HP's bid and Dell withdrew.

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Authors: Leena Rao

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