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HP and Dell took the bidding war for data storage company 3PAR to a whole new level today. Although it was a day that began with HP as the favorite to acquire 3PAR and ended the way it started, it wasn't an unremarkable one by any means as there was a lot in between.
Dell countered Hewlett-Packard's $1.5 billion buyout bid with a $1.6 billion offer of its own earlier in the day, but the world's leading PC maker wasted little time in bettering Dell's offer. Its latest offer: $1.8 billion, or $27 per share, in cash.
While Dell may manage to keep the battle alive with another bid or two, experts feel the bidding war is most likely to end in HP's favor.
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Talcum X
August 28, 2010 at 8:34am
Seems like anyone with a good idea and starts a company gets bought out. I guess if ya got the money...
