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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