Posts Tagged ‘corporate takeover’
Dell, HP Battle Over Control Of 3Par
Dell and HP's war over 3Par continued on Friday as the bidding hit the US $2 billion mark. HP raised its offer to $30 per share, a $3 increase over Dell's bid. Dell made the first move in mid-August when it had offered just over $1 billion to buy 3Par. Currently 3Par has deemed HP's bid "superior" and Dell was considering its response. The [...]
Dell To Buy 3PaR For $1.2 Billion
Dell announced plans Monday to buy 3PAR for about $1.2 billion in cash, or $18 a share. 3PAR's shares were recently up 87% at $18.01, while Dell was down 4 cents at $11.97. Dell will add a premium storage product to its portfolio which will reduce data management costs in the future. Projections are that this acquisition could reduce these [...]
