HP Wins Bid for 3PAR

Dell drops out

Dell said on Sept. 2 that it was dropping out of the bidding for 3PAR after Hewlett-Packard raised its offer for the data storage company to $33 per share or $2.4 billion.

Dell said it will not increase its offer of $32 per share.

"We took a measured approach throughout the process and have decided to end these discussions," said Dave Johnson, Dell's senior vice president for corporate strategy.

Dell also said it is entitled to receive a $72 million break-up fee from 3PAR.

Copyright Agence France-Presse, 2010

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish