HP trumps Dell in latest $1.8bn bid for rival 3PAR

first_imgThursday 26 August 2010 8:48 pm HP trumps Dell in latest $1.8bn bid for rival 3PAR THE FIGHT for data storage firm 3PAR accelerated last night as Hewlett Packard upped its bid to $27 a share, valuing the business as $1.8bn (£1.2bn), just hours after 3PAR accepted a $24.30 offer from Dell. US shares in 3PAR shares rose to $27.90 in extended-hours trading after HP’s announcement, suggesting investors are hoping for a lucrative counter-offer from Dell. Dell signed an agreement with 3PAR last week, but the deal contained a clause obliging the firm to match any rival bids. HP’s cash offer outbids Dell by 11 per cent, and represents a 180 per cent premium on the data storage firm’s share price on 13 August, before Dell’s initial approach. 3PAR’s board said yesterday when accepting Dell’s bid that it continued to unanimously recommend the company as the best-placed suitor. KCS-content whatsapp Show Comments ▼center_img Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Tags: NULLlast_img

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