Sunday, July 05, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Minecraft Windows 10 Edition Beta Revealed
U.S. In Running out Of IP Addresses
Uber Suspends UberPOP in France
Casio To Enter The Smartwatch Market
GELID Has A new Low-profile CPU Cooler for Intel LGA115x
Sharp Plans to Release Transparent LCDs
ARCHOS Unveils the ARCHOS 50d Helium
July 29 Won't Be The Day You'll Get Your Windows 10 Upgrade
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > 3PAR Ac...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, August 27, 2010
3PAR Accepts Dell's Increased Bid


3PAR on Friday accepted Dell's increased offer to acquire the storage leader for $24.30 per share in cash, or approximately $1.6 billion, net of 3PAR's cash.

3PAR is a leading global provider of storage solutions with advanced data management features for multi-tenant cloud-computing environments.

Dell had previously signed an agreement to acquire 3PAR for $18 per share, with a provision for matching competing bids. Dell and 3PAR have signed an amendment to the agreement reflecting the new offer price.

Dell's bid puts the ball back in HP's court and is unlikely to end the bidding war that has escalated this week.

HP may further increase its bid but must also keep an eye on the richer valuation of the data storage company.

The pursuit of 3PAR comes as HP and Dell are trying to expand into new business areas.

The bidding war, a rare occurrence in the tech sector, started earlier this week when HP bid $24 a share for 3PAR, topping Dell's $18-per-share deal.

Dell responded by striking a new deal with 3PAR at $24.30 per share and increasing the termination fee to $72 million from $53.5 million.

That prompted HP to come back with a $27 per share bid on Thursday.


Previous
Next
Intel to Acquire Infineon's Wireless Solutions Business        All News        Technology Transmits 3-D movies via Internet and Satellite
Paul Allen's firm Files Patent Infringement Lawsuit Against Web Search Companies     General Computing News      Technology Transmits 3-D movies via Internet and Satellite

Get RSS feed Easy Print E-Mail this Message

Related News
Hewlett-Packard Officially Files to Split
Dell Delivers New PowerEdge C-Series Platform
HP Launches New Pavilion Detachable PC and ENVY Notebooks
HP Sprout Enables Full 3D Scanning
HP Settles With Autonomy
HP's Futuristic 'Machine' Computer To Reach Software Developers Next Year
Computex: New Dell Inspiron Laptops, 2-in-1 and Desktop Devices For Everyday Computing Needs
HP Reports Mixed Q2 Results
HP Partners With Chinese Tsinghua
HP Revamps Its Desktop PC Offerings, Releases New 4K Display
Dell Introduces New Wireless Docking Solution
Dell Introduces New Servers to Accelerate Enterprise Applications

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .