Mergers & Acquisitions
Sep. 3, 2010
HP Wins Bidding War for 3Par
Hewlett-Packard Co. will buy 3Par Inc. for roughly $2.3 billion after Dell Inc. dropped out Thursday of an intense bidding war.
By Craig Anderson
Daily Journal Staff Writer
PALO ALTO Hewlett-Packard Co. clinched a deal to buy 3Par Inc. for roughly $2.3 billion after Dell Inc. dropped out Thursday of an intense bidding war for the Fremont-based data storage company.
Dell Inc. raised its bid to $32 a share from $27 a share, adding conditions and proposing another increase in the termination fee if 3Par accepted an offer from another company. 3Par's b...
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