Dell revised offer gets backing from 3Par

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Dell revised offer gets backing from 3Par

Simon Quicke

Dell has matched Hewlett-Packard's offer of $1.6bn for storage player 3Par and talked up the reasons why it deserves to win the bidding war for the firm.

The Texan PC giant had looked odds on favourite to acquire 3Par in a smooth transaction earlier this month before HP threw a spanner in the works by trumping the amount its rival had been prepared to stump up.

But just four days after HP put down $1.6bn (£1bn) as its bid Dell has matched it raising its initial offer, although there had been some expectations that the offer could have gone even higher and the 3Par share price fell slightly on the news this afternoon.

3Par's board had already indicated it favoured the Dell approach in an SEC filing earlier this week where it also revealed it was prepared to talk to HP.

"Dell believes that its global brand and broad global customer reach will dramatically accelerate 3PAR's revenue growth," the vendor stated adding it had, " a demonstrated commitment and track record in integrating and growing acquired companies and nurturing their entrepreneurial and innovative cultures."


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