There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts
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Aug 27th, 2010 |
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The bidding war continues. Dell announced today that 3PAR has accepted its increased offer to acquire the storage leader for $27 per share in cash, or approximately $1.8 billion. 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 – you guessed it – $1.8 billion .
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There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts