Menu
3PAR entertains HP's offer, begins merger talks

3PAR entertains HP's offer, begins merger talks

The talks could eventually shut out Dell, which made a lower bid for the storage system maker

3PAR will open discussions with Hewlett-Packard following that company's unsolicited $1.6 billion cash bid for the data storage maker, which exceeded an earlier bid from Dell.

3PAR plans to share non-public information with HP, according to a filing on Tuesday with the U.S. Securities and Exchange Commission. Dell, which bid $1.15 billion for 3PAR on Aug. 16, has been informed of the talks and will have three days to make a counteroffer if 3PAR endorses HP's bid.

HP sent its offer in a letter to 3PAR, forcing that company board to reconsider its merger agreement with Dell, which it continues to endorse. However, 3PAR's board may consider HP's offer a "superior proposal," putting pressure on Dell to increase its bid or lose out to HP.

HP has said that 3PAR's technologies will help it expand its offerings for building public and private cloud services. Many enterprises are using cloud services, where computing and data storage are done in remote data centers.

Dell also has its eye on that market and recently announced it would buy server provisioning vendor Scalent and storage optimization provider Ocarina Networks.

3PAR sells InServ storage servers in addition to its InForm Operating System with tools required to managed different storage configurations.

Send news tips and comments to jeremy_kirk@idg.com


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesDellstorageHewlett-Packard3PARmergers & acquisitions

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments