Forgot your password?
typodupeerror
HP

+ - HP Snaps Up 3PAR for $2 Billion

Submitted by adeelarshad82
adeelarshad82 (1482093) writes "The bidding war between HP and Dell has reached a swift and dramatic conclusion. One could even say that the former company 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."
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

HP Snaps Up 3PAR for $2 Billion

Comments Filter:

Computers will not be perfected until they can compute how much more than the estimate the job will cost.

Working...