Hewlett -Packard: Topped Dell in the 3PAR Inc. bid

HP made a bid for 3PAR even before Dell announced its deal

, said Donatelli. The company made its initial bid in July, but held off while 3PAR was in exclusive talks with Dell.The $24-a-share offer for 3PAR marks a 33 percent premium to last week's $18-per-share bid by Dell, which the storage company's board has approved. At the time, Dell's bid was 87 percent over 3PAR's share price of about $9.65.For 3PAR, a deal with companies like Dell or HP would give it a broader sales reach, helping it compete against rival EMC as well as smaller players like Isilon Systems Inc and Compellent Technologies Inc.

Hewlett -Packard: Topped Dell in the 3PAR Inc. bid

By: White Digital Media

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