HP Ups The Ante For 3PAR; Offers $1.8B In Cash For Data Storage Company

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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. 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 the data storage company, offering $24 per share in cash, or also roughly $1.6 billion at the time. But Dell and 3PAR signed an amendment to the agreement reflecting the new offer price, which brought its bid up to par with HP’s offer.

3PAR provides a virtualized utility storage platform that enables customers to significant drive down cloud computing infrastructure, storage and associated management costs.

HP’s Dave Donatelli says in a release: “Our revised proposal offers superior value to 3PAR’s shareholders, while maintaining our disciplined approach to only pursuing acquisitions that we believe will strengthen our portfolio and create long-term value for our shareholders…Not only is our offer superior to Dell’s proposal, HP remains uniquely positioned to execute on this combination given the number of synergies between the two companies.”

It should be interesting to see if Dell continues the bidding war. HP could have just made an offer that 3PAR can’t refuse. Or Dell could propose $2 billion for the company and we’ll revisit this again.

  • http://forums.precentral.net/off-topic/260587-hp-ups-ante-3par-offers-1-8b-cash-data-storage-company.html#post2628078 HP Ups The Ante For 3PAR; Offers $1.8B In Cash For Data Storage Company - PreCentral Forums

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  • http://forums.precentral.net/off-topic/260587-hp-ups-ante-3par-offers-1-8b-cash-data-storage-company.html#post2628078 HP Ups The Ante For 3PAR; Offers $1.8B In Cash For Data Storage Company - PreCentral Forums

    […] […]

  • http://www.vladville.com/2010/08/have-the-msps-jumped-the-shark.html Vlad Mazek – Vladville Blog » Blog Archive » Have the MSPs jumped the shark?

    […] somewhere half way through the newspaper (the model of irrelevance) there is a scribble about some bidding over 3PAR, a company 99% of you have never heard of and 99.9999% never used a product […]

  • http://www.vladville.com/2010/08/have-the-msps-jumped-the-shark.html Vlad Mazek – Vladville Blog » Blog Archive » Have the MSPs jumped the shark?

    […] somewhere half way through the newspaper (the model of irrelevance) there is a scribble about some bidding over 3PAR, a company 99% of you have never heard of and 99.9999% never used a product […]

  • http://techcrunch.blog.chinabyte.com/2010/08/27/42/ techcrunch中文站 » 惠普提高收购价,欲以18亿美元收购3PAR

    […] 来源 […]

  • http://techcrunch.blog.chinabyte.com/2010/08/27/42/ techcrunch中文站 » 惠普提高收购价,欲以18亿美元收购3PAR

    […] 来源 […]

  • http://www.techcrunchit.com/2010/08/27/there-we-go-again-dell-offers-1-8b-for-3par-3par-accepts/ There We Go Again: Dell Offers $1.8B For 3PAR – 3PAR Accepts

    […] HP then outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $1.8 billion. […]

  • http://www.techcrunchit.com/2010/08/27/there-we-go-again-dell-offers-1-8b-for-3par-3par-accepts/ There We Go Again: Dell Offers $1.8B For 3PAR – 3PAR Accepts

    […] HP then outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $1.8 billion. […]

  • http://www.blacklink.me/fr/news/?p=1875 Il We Go Again: Offres Dell 1,8 milliard de dollars 3PAR – Accepte 3PAR | tech-news

    […] 08.27Il We Go Again: Offres Dell 1,8 milliard de dollars 3PAR – Accepte 3PAR La guerre des enchères se poursuit.Dell a annoncé aujourd’hui que 3PAR a accepté son offre majorée pour acquérir le leader de stockage pour par action en numéraire, soit environ 0,8 milliards de dollars, déduction faite des espèces de 3PAR.Dell avait déjà signé un accord pour acquérir 3PAR les données par action, avec une disposition pour l’appariement des offres concurrentes.HP puis surenchérir sur l’entreprise et a offert 0,6 milliards de dollars, mais Dell correspondait à celle Hier, après quoi HP a fait une offre renouvelée pour – vous l’aurez deviné – 0,8 milliards de dollars . […]

  • http://www.blacklink.me/fr/news/?p=1875 Il We Go Again: Offres Dell 1,8 milliard de dollars 3PAR – Accepte 3PAR | tech-news

    […] 08.27Il We Go Again: Offres Dell 1,8 milliard de dollars 3PAR – Accepte 3PAR La guerre des enchères se poursuit.Dell a annoncé aujourd’hui que 3PAR a accepté son offre majorée pour acquérir le leader de stockage pour par action en numéraire, soit environ 0,8 milliards de dollars, déduction faite des espèces de 3PAR.Dell avait déjà signé un accord pour acquérir 3PAR les données par action, avec une disposition pour l’appariement des offres concurrentes.HP puis surenchérir sur l’entreprise et a offert 0,6 milliards de dollars, mais Dell correspondait à celle Hier, après quoi HP a fait une offre renouvelée pour – vous l’aurez deviné – 0,8 milliards de dollars . […]

  • http://www.blacklink.me/tech/?p=2927 There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts ~ technology | blacklink-tech

    […] HP then outbid the company and offered $ 1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $ 1.8 billion. […]

  • http://www.blacklink.me/tech/?p=2927 There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts ~ technology | blacklink-tech

    […] HP then outbid the company and offered $ 1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $ 1.8 billion. […]

  • http://www.bjdproductions.com/blog/?p=2675 There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts | BJD Productions Blog

    […] HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $1.8 billion. […]

  • http://www.bjdproductions.com/blog/?p=2675 There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts | BJD Productions Blog

    […] HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $1.8 billion. […]

  • http://www.blacklink.me/it/news/?p=3334 Ci We Go Again: Offerte Dell $ 1,8 miliardi di euro per 3PAR – 3PAR Accetta | Italy news

    […] 08.27Ci We Go Again: Offerte Dell $ 1,8 miliardi di euro per 3PAR – 3PAR Accetta La guerra asta continua.Dell ha annunciato oggi che 3PAR ha accettato la sua offerta di aumento di acquisire il leader di archiviazione every per azione in contanti, pari a circa 0,8 miliardi di euro, al netto della cassa 3PAR’s.Dell aveva già firmato un accordo every l’acquisizione di 3PAR every azione, con una disposizione every il matching offerte concorrenti.HP poi battere la e ha offerto 0,6 miliardi di euro, ma Dell ha trovato che offrono Ieri, dopo di che HP ha fatto un’offerta rinnovata – avete indovinato – alt 0,8 miliardi . […]

  • http://www.blacklink.me/it/news/?p=3334 Ci We Go Again: Offerte Dell $ 1,8 miliardi di euro per 3PAR – 3PAR Accetta | Italy news

    […] 08.27Ci We Go Again: Offerte Dell $ 1,8 miliardi di euro per 3PAR – 3PAR Accetta La guerra asta continua.Dell ha annunciato oggi che 3PAR ha accettato la sua offerta di aumento di acquisire il leader di archiviazione every per azione in contanti, pari a circa 0,8 miliardi di euro, al netto della cassa 3PAR’s.Dell aveva già firmato un accordo every l’acquisizione di 3PAR every azione, con una disposizione every il matching offerte concorrenti.HP poi battere la e ha offerto 0,6 miliardi di euro, ma Dell ha trovato che offrono Ieri, dopo di che HP ha fatto un’offerta rinnovata – avete indovinato – alt 0,8 miliardi . […]

  • http://www.techreviews.org/techcrunch/there-we-go-again-dell-offers-1-8-billion-for-3par-%e2%80%93-3par-accepts.html There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts » Tech Reviews

    […] HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $1.8 billion. […]

  • http://www.techreviews.org/techcrunch/there-we-go-again-dell-offers-1-8-billion-for-3par-%e2%80%93-3par-accepts.html There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts » Tech Reviews

    […] HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $1.8 billion. […]

  • http://broad-bandwith.prestigious-hosting.com/2010/08/27/there-we-go-again-dell-offers-1-8-billion-for-3par-%e2%80%93-3par-accepts-your-turn-hp/ There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts. Your Turn, HP. | Internet Solutions

    […] HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $1.8 billion. […]

  • http://broad-bandwith.prestigious-hosting.com/2010/08/27/there-we-go-again-dell-offers-1-8-billion-for-3par-%e2%80%93-3par-accepts-your-turn-hp/ There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts. Your Turn, HP. | Internet Solutions

    […] HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $1.8 billion. […]

  • http://www.blacklink.me/de/news/?p=2946 Es We Go Again: Dell bietet $ 1,8 Mrd. 3PAR – 3PAR akzeptiert | news

    […] 08.27Es We Go Again: Dell bietet $ 1,8 Mrd. 3PAR – 3PAR akzeptiert Das Bieterverfahren Krieg geht weiter.Dell angekündigt heute, dass 3PAR hat das erhöhte Angebot für die Lagerung Marktführer für je Aktie in bar erwerben, oder rund 0,8 Milliarden Euro übernommen.Dell hatte zuvor eine Vereinbarung für 3PAR pro Aktie oder 0,13 Milliarden Euro, mit einer Rückstellung für passender konkurrierende Angebote.HP dann effektiv überboten der Firma und bot 6 Mrd, aber Dell Wetten, dass Angebot gestern, nach denen HP einen erneuten Kandidatur für die – Sie ahnen es – 0,8 Mrd. . […]

  • http://www.blacklink.me/de/news/?p=2946 Es We Go Again: Dell bietet $ 1,8 Mrd. 3PAR – 3PAR akzeptiert | news

    […] 08.27Es We Go Again: Dell bietet $ 1,8 Mrd. 3PAR – 3PAR akzeptiert Das Bieterverfahren Krieg geht weiter.Dell angekündigt heute, dass 3PAR hat das erhöhte Angebot für die Lagerung Marktführer für je Aktie in bar erwerben, oder rund 0,8 Milliarden Euro übernommen.Dell hatte zuvor eine Vereinbarung für 3PAR pro Aktie oder 0,13 Milliarden Euro, mit einer Rückstellung für passender konkurrierende Angebote.HP dann effektiv überboten der Firma und bot 6 Mrd, aber Dell Wetten, dass Angebot gestern, nach denen HP einen erneuten Kandidatur für die – Sie ahnen es – 0,8 Mrd. . […]

  • http://www.startupblock.com/?p=2570 There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts : startupblock.com

    […] HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $1.8 billion. […]

  • http://www.startupblock.com/?p=2570 There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts : startupblock.com

    […] HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – $1.8 billion. […]

  • http://michellerosepr.com/?p=387 There We Go Again: Dell Offers $1.8 Billion For 3PAR – 3PAR Accepts | Michelle Rose

    […] HP then effectively outbid the company and offered .6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for – you guessed it – .8 billion. […]

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