Menu
HP raises 3PAR offer to US$27 per share, outbids Dell again

HP raises 3PAR offer to US$27 per share, outbids Dell again

Hewlett-Packard has raised its offer for 3PAR to US$27 per share, outbidding Dell once more as the battle to acquire the California-based storage vendor continues.

The offer came just hours after Dell raised its own bid to buy the company. Dell said Thursday morning that 3PAR had accepted its raised offer, but the terms allowed HP to slip in with another bid. It's now done just that, putting the ball back in Dell's court.

The companies are squabbling over a maker of storage arrays that are well-suited to virtualised environments, which would allow them both to expand in the fast-growing market for "private cloud" infrastructure.

Dell offered to buy 3PAR at the start of last week for $18 per share, or about $1.15 billion net of 3PAR's cash. HP made a counterbid on Monday, offering $24.00 per share, or about $1.6 billion.

Dell topped that offer by just $0.30 on Thursday morning, and HP wasted no time with its latest counterbid, which puts the latest price tag at $1.8 billion.

A 3PAR spokesman declined to comment on HP's latest offer, and Dell did not immediately return a call seeking comment.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags HP3PARDellinternational news

Featured

Slideshows

Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments