Home > slashdot > HP Snaps Up 3PAR For $2 Billion

HP Snaps Up 3PAR For $2 Billion

August 30th, 2010 08:31 admin Leave a comment Go to comments

adeelarshad82 writes “The bidding war between HP and Dell has reached a swift and dramatic conclusion. One could even say HP sniped the auction at the last minute — to the tune of $2 billion for the acquisition of data storage provider 3PAR. HP’s not-so-subtle efforts to pull the company away from a preliminary merger agreement with Dell — a $1.15-billion arrangement announced August 16 — took three successive bids to reach an ultimate conclusion. The final acquisition cost of $2 billion, confirmed by 3PAR late Friday, represents a price of $30 per share of 3PAR stock. That’s triple the closing price of the company’s stock before Dell’s initial offer was made public, and more than double after.”

Source: HP Snaps Up 3PAR For $2 Billion

Related Articles:

  1. HP Snaps Up 3PAR For $2 Billion
  2. HP Snaps Up 3PAR For $2 Billion
  3. HP Snaps Up 3PAR For $2 Billion
  4. HP Snaps Up 3PAR For $2 Billion
  5. Where Does Dell Go After Losing 3Par?
blog comments powered by Disqus