HP Ups 3Par Bid to $33 a Share

If you thought the bidding war between HP and Dell was getting ridiculous last week, you haven’t seen anything yet. The current bid for 3Par is now $2.4 billion. Any bets on how high this will go?

3Par on Thursday said Hewlett-Packard has raised its offer to $33 a share for the storage company, or $2.4 billion, after Dell countered with a $32 a share offer. Needless to say, 3Par deemed HP’s bid as superior. HP had bid $30 for 3Par and Dell countered with $32 a share. Dell also revised a termination fee to $92 billion.

Comments