Skip the navigation
News

HP raises 3PAR bid to $33 per share

By Chris Kanaracus
September 2, 2010 10:01 AM ET

IDG News Service - Hewlett-Packard has raised its offer for virtualized storage vendor 3PAR to $33 per share, or roughly $2.4 billion, from its previous bid of $30 per share, 3PAR said Thursday. The move tops Dell's latest offer of $32 per share, according to 3PAR.

While HP's bid constitutes a "superior offer" under 3PAR's merger agreement with Dell, that agreement remains in effect, according to 3PAR.

The initial merger agreement between Dell and 3PAR contains a clause that gives Dell three days to match other offers.

(More to follow).

Comments ()
Print
Reprinted with permission from IDG.net. Story copyright 2010 International Data Group. All rights reserved.
Additional Resources
Forrester Consulting - Optimizing Users and Applications in a Mobile World
WHITE PAPER
Forrester Consulting - Optimizing Users and Applications in a Mobile World
Solving application issues over the WAN requires careful consideration. Based on their independent research, Forrester Consulting offers recommendations on how to tackle application performance issues, insufficient bandwidth and the inability to quickly restore users in a disaster.

Read now.

Security KnowledgeVault
WHITE PAPER
Enter the Security KnowledgeVault
Security is not an option. This KnowledgeVault Series offers professional advice how to be proactive in the fight against cybercrimes and multi-layered security threats; how to adopt a holistic approach to protecting and managing data; and how to hire a qualified security assessor. Make security your Number 1 priority.

Read now.

Cut Communications Costs Once and for All
WHITE PAPER
Cut Communications Costs Once and for All
New IP-based communications systems are being deployed by small and midsized businesses at a rapid rate. Learn how these organizations are enabling faster responsiveness, creating better customer experiences, speeding office or mobile interactions, and dramatically reducing existing communications costs.

Read now.

IT Industry White Papers
Virtualizing Government Infrastructure
All server virtualization solutions are not created equal. The more-with-less agenda for government agencies is tailor-made for server virtualization, which is evolving into...
ESG - Avoiding the Hazards of IT Consolidation
In an effort to reduce costs and streamline operations, today's large, distributed organizations are investing more in data center transformation, consolidation, and server...
ESG: Enabling IT-as-a-Service
ESG research shows that most organizations recognize that the future of IT-as-a-Service will be a hybrid could model. Learn how to make decisions...
IT-as-a-service is IT at your service
Progressive organizations are finding they can deliver a booster shot to agility by adding intelligence to network management. The result? Application delivery improves,...
Overcome Top 7 Admin Challenges of Active Directory
As Active Directory's role in the enterprise has drastically increased, so has the need to secure the data. Gain insight on creating repeatable,...
All IT Industry White Papers
IT Industry Webcasts
Supporting Mobile Productivity With A Limited IT Budget
Join us and hear from Kaseya mobile IT management experts as we discuss core strategies for supporting the mobile revolution on a shoestring...
Optimizing Networks for the Cloud
Join guest speaker, Rohit Mehra, IDC Director of Enterprise Communications Infrastructure, to explore current trends, discuss best practices for optimizing Data Center and...
Apps QuickStart Series Part 2: Designing and Deploying SQL Server on VMware vSphere
Download this webcast to learn about the design considerations for virtualizing SQL workloads, performance and scalability information and high-availability options, as well as...
Apps QuickStart Series Part 1: Designing and Deploying Exchange 2010 on VMware vSphere
Download this webcast to learn the virtual hardware design considerations for Exchange 2010, deployment using the building block approach, options for high-availability and...
Customer Spotlight: How IPC The Hospitalist Company Implemented Oracle on VMware
Have you been looking to hear about customer's experiences with the new VMware vCenter Site Recovery Manager product? View this webcast to learn...
All IT Industry Webcasts
Newsletter Sign-Up

Receive the latest news test, reviews and trends on your favorite technology topics

Choose a newsletter
  11. View all newsletters | Privacy Policy
IT Jobs