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HP Wins 3PAR at $2.4B as Dell Quits

HP Wins 3PAR at $2.4B as Dell Quits
Dell has declined to continue its pursuit of 3PAR after Hewlett-Packard increased its bid to $33 per share, or about $2.4 billion. Dell had submitted a revised offer of $32 per share just hours earlier.
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Why Does Everyone Want 3Par?
HP and Dell are both trying to buy data-storage provider 3Par -- whose board has determined that HP's $2 billion, $30-per-share takeover bid is superior to Dell's offer. So what makes 3Par so appealing?
Dell Matches HP's $1.6B Bid For 3PAR
Dell said 3PAR has accepted an enhanced $1.6 billion acquisition offer that matches the counteroffer Hewlett-Packard submitted on Aug. 23. Dell's initial bid for 3PAR was $1.15 billion.
HP Outbids Dell To Acquire 3PAR
Hewlett-Packard has submitted a competing $1.6 billion bid for storage-technology vendor 3PAR, which represents a 33.3 percent premium over the acquisition offer submitted by Dell last week.
Dell Buys Virtual Storage Vendor 3PAR
Dell has reached an agreement to acquire virtualized storage provider 3PAR in a transaction valued at $1.15 billion. The deal has already been approved by the two companies' boards.
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