UPDATED 08:40 EDT / AUGUST 27 2010

3Par Valuation Hits $2 Billion – Another Counter-Bid from HP

As expected, the bid for 3PAR has risen again, with Hewlett-Packard making another offering at $30 per share in cash.  In an earlier post this morning, Dave Vellante surmised that the offers for 3Par would exceed $2 billion, and now they have.

Hoping to finalize the deal once and for all, this latest bid by HP is an 11% premium above the most recent price of $27 per share, made by Dell.  That bid actually matched HP’s previous bid, which was nearly $3 higher than Dell’s $24.70 bid before that.

Most interesting about this bidding war is that 3Par has accepted most of these offers.   The storage solutions company just can’t say no.  I should throw a bid out there–3Par apparently entertains them all.  See here for more analysis on the price wars 3Par has started.


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