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
Error: Please check your email address.

Tags business issuesDellstorageHewlett-Packard3PARmergers & acquisitions

Featured

Slideshows

Bumper channel crowd kicks off first After Hours of 2018

Bumper channel crowd kicks off first After Hours of 2018

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Jefferson in Auckland to kick-start 2018. Photos by Gino Demeer.

Bumper channel crowd kicks off first After Hours of 2018
Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Show Comments