HP Snaps Up 3PAR For $2 Billion 68
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Soulskill
from the only-knows-it-must-feed dept.
from the only-knows-it-must-feed dept.
adeelarshad82 writes "The bidding war between HP and Dell has reached a swift and dramatic conclusion. One could even say HP sniped the auction at the last minute — to the tune of $2 billion for the acquisition of data storage provider 3PAR. HP's not-so-subtle efforts to pull the company away from a preliminary merger agreement with Dell — a $1.15-billion arrangement announced August 16 — took three successive bids to reach an ultimate conclusion. The final acquisition cost of $2 billion, confirmed by 3PAR late Friday, represents a price of $30 per share of 3PAR stock. That's triple the closing price of the company's stock before Dell's initial offer was made public, and more than double after."
First post (Score:2, Funny)
OM NOM NOM NOM ACQUISITIONS
Re:Why? (Score:3, Funny)
Re:First post (Score:3, Funny)
So I guess it averages out to $666,666,666.67 per PAR?
Check the bid history (Score:5, Funny)
One could even say HP sniped the auction at the last minute
Re:First post (Score:3, Funny)
$666,666,666.67 for a PAR? How much would I get for a 20 over par?
$666,666,686.67, obviously...
eBay 101 (Score:5, Funny)