All in One Day: HP Hits Back After Dell Makes Counter-offer for 3PAR

HP and Dell took the bidding war for data storage company 3PAR to a whole new level today. Although it was a day that began with HP as the favorite to acquire 3PAR and ended the way it started, it wasn’t an unremarkable one by any means as there was a lot in between.

Dell countered Hewlett-Packard’s $1.5 billion buyout bid with a $1.6 billion offer of its own earlier in the day, but the world’s leading PC maker wasted little time in bettering Dell’s offer. Its latest offer: $1.8 billion, or $27 per share, in cash.

While Dell may manage to keep the battle alive with another bid or two, experts feel the bidding war is most likely to end in HP’s favor.

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3. Dell Liable in Crime Camera Suit
4. AIT Accuses Dell of Withholding Evidence in PC Suit
5. Some Days I Hate Dell

Tags: 3par, acquisition, cloud computing, Data storage, dell, HP (Hewlett Packard), News Worthy, pc

This entry was posted on August 26, 2010 at 5:57 pm and is filed under HP (Hewlett Packard). You can follow any responses to this entry through the RSS 2.0 feed.