It looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR has accepted HP’s bid. Dell had previously signed an agreement to acquire 3PAR for $18 per share or $1.13 [...]
Posted on September 3rd, 2010 by admin
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It’s officially over. After Dell pulled out of the running this morning, HP has announced that it has entered into a definitive agreement to acquire data storage company 3PAR, for $33 per share in cash, or a value of $2.35 billion. The transaction has been approved by the boards of directors of both companies. This [...]
Posted on September 3rd, 2010 by admin
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It looks like the bidding war for 3PAR could be over. Dell has just issued a release indicating that it will not increase its most recent $2 billion proposal to acquire 3PAR, and the company’s has ended acquisition talks for the data storage company. Dell is entitled to receive a $72 million break-up fee from [...]
Posted on September 2nd, 2010 by admin
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As I was writing this, news of the HP / Dell bidding war for 3PAR broke on the front page of Yahoo. This made me laugh, as it typified just how crazy this story has become—few things outside of a bidding war will make a storage acquisition sexy enough to make mainstream news. At $30, [...]
Posted on August 30th, 2010 by admin
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The bidding war continues. Dell announced today that 3PAR has accepted its increased offer to acquire the storage leader for $27 per share in cash, or approximately $1.8 billion. Dell had previously signed an agreement to acquire 3PAR for $18 per share or $1.13 billion, with a provision for matching competing bids. HP then effectively [...]
Posted on August 27th, 2010 by admin
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Here we go again-again. HP just offered $2 billion, or $30 per share in cash for data storage company 3PAR. This morning, Dell announced that 3PAR had accepted its increased offer to acquire the storage leader for $27 per share in cash, or approximately $1.8 billion. Dell had previously signed an agreement to acquire 3PAR [...]
Posted on August 27th, 2010 by admin
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Dell announced this morning that 3PAR has accepted its increased offer to acquire the storage company for $24.30 per share in cash, or approximately $1.6 billion, net of 3PAR’s cash. Dell had previously signed an agreement to acquire 3PAR for $18 per share, with a provision for matching competing bids. HP subsequently outbid Dell for [...]
Posted on August 27th, 2010 by admin
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This morning, we saw Dell’s announcement that 3PAR had accepted its increased offer to acquire the storage company for $24.30 per share in cash, or approximately $1.6 billion, net of 3PAR’s cash. Now HP just upped the ante, offering $1.8 billion for 3PAR, or $27 per share in cash. Clearly these companies want 3PAR. Bad. [...]
Posted on August 26th, 2010 by admin
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HP has proposed to acquire data storage company 3PAR for $24 per share in cash, or roughly $1.6 billion. Thus, it trumps Dell’s offer to buy out the company for $18 per share or $1.13 billion. The proposed transaction represents a 33.3 percent premium above the price proposed by Dell, is not subject to any [...]
Posted on August 24th, 2010 by admin
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Dell has agreed to acquire 3PAR, a competitor to the likes of IBM, HP, EMC and Hitachi in the data storage and management space. The transaction is valued at $18 per share in cash – marking a 86.5% premium to company’s Friday closing price of $9.65 – or approximately $1.13 billion. 3PAR provides a virtualized [...]
Posted on August 17th, 2010 by admin
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