News

Dell expected to make counter offer to trump HP bid for 3Par

Simon Quicke

Dell looks set to make a counter offer for 3Par increasing the amount offered for the storage infrastructure specialist beyond the current $1.6bn.

According to Reuters the vendor appears to be determined to beat it's rival HP which trumped its initial $1.5bn bid at the start of this week.

Dell has already been given a fillip from 3Par which announced that although it was entering into talks with HP it still looked favourably on the first suitor.

"At this time, the board of directors of 3Par has not made a determination that HP's unsolicited acquisition proposal is a "Superior Proposal" (as that term is defined in the Merger Agreement), and has not made any other determinations or taken any other actions with respect to HP's acquisition proposal," the filing said.

"The board of directors of 3PAR continues to unanimously recommend that 3Par's stockholders accept the Offer by Dell and tender their Shares pursuant to the Offer by Dell," it added.

The chase for 3Par indicates just how important storage technology with cloud capability is being viewed by the major PC and server vendors.
Related Topics: Desktop PCs, VIEW ALL TOPICS

Join the conversation Comment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.