Hewlett-Packard (HPQ) raised the stakes once again in its bidding war with Dell (DELL) over data-storage company 3Par (PAR), offering $27 a share in cash, or $1.8 billion, and topping Dell's higher bid made earlier Thursday.

Dell put 3Par in play on Aug. 16 by offering $18 a share, or about $1.15 billion, representing nearly a 90% premium to the storage company's share price at the time. HP jumped into the bidding Monday with a $24 a share offer worth $1.6 billion. That deal looked likely to stand until Dell offered $24.30 a share Thursday morning.

Both tech titans covet 3Par because it could help the companies to expand their higher margin storage, server and networking businesses. Shares in 3Par have almost tripled since Dell's initial offer. HP and Dell are off about 5.5% and 2%, respectively, over the same span. See the chart below:


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time1910

dell was first and already owns 33% of 3par.. hp go home

August 27 2010 at 5:32 AM Report abuse rate up rate down Reply
hollaifyouneedtoo

They put a really big bid out there and now it is done. Just gooogle CASH-TEACHER Click on the very first link and you are there!!! Then you will find the ways to cash in. Go to the PENNY STOCKS section to see things that the corporate fat cats don't want us to know. You want to see how the rich do it...GO THERE!

August 26 2010 at 10:41 PM Report abuse rate up rate down Reply