HP versus Dell to buy 3Par Storage Company
AP By AP Hewlett-Packard Co. is trying to outbid Dell Inc. to buy the data storage provider 3Par Inc. Here are some details on 3Par: A: 3Par makes and sells “storage utilities,” or groups of specialized computers designed to store data that are … (A Few Questions and Answers About 3Par’s Business) Hewlett-Packard said Monday it has submitted a bid to acquire 3PAR for $24 in cash, for a total of $1.6 billion. The bid is a 33% premium above the $18 per share Dell offered last week. Shares of 3PAR are higher by 42%. From the Hawlett-Packard co headline news.
HP Is So Subpar It Overpays for 3PAR – Today’s Outrage – If HP(HPQ) is trying to show that it’s not on auto pilot under an interim CEO, then the decision to battle Dell (DELL) for 3PAR(PAR) is an expensive way to do it. … Hewlett-Packard this morning said it has submited a $1.6 billion bid to buy 3Par, just a week after Dell had agreed to buy the virtualized storage maker for $1.15 billion from HP bids $1.6 billion for 3Par.
