Dell and 3PAR not yet done deal

It looks like a bidding war is on.

3PAR had three suitors • The Register

So, everything was done and dusted – except that HP decided to re-enter the game and make a hostile bid on August 23, with a substantially increased offer of $24/share, totalling $1.6bn compared to Dell’s $1.13bn. Our understanding is that Dell is now preparing a counter bid, possibly in the $20/share area. A headless HP has made a decisive re-entry into the bidding race for 3PAR and Qatalyst partners now has the circumstances it needs to get as high a valuation of Dell as it can, engaging in a bid price shuffle dance, exchanging partners and testing price proposals in a what has become a 3PAR auction.

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Published in: on August 24, 2010 at 9:50 pm  Leave a Comment  

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