HP to 2.35 billion U.S. dollars in cash acquisition 3Par

September 3, according to media reports, Hewlett-Packard and Dell were in a heated bidding war, ultimately HP Thursday 33 dollars per share, totaling about 23.5 million in cash purchase price of data storage vendor 3Par. Merger agreement has been approved by both companies Board of Directors, is expected to be completed before the end of the year.
Dell said it would buy in local time Wednesday night 3Par offer from 27 U.S. dollars / share increased to 32 U.S. dollars / share, but has not yet announced the offer, the Hewlett-Packard announced on Thursday morning and 33 dollars / share of the new offer. After Dell announced its withdrawal from bidding. To this end, 3Par Dell to pay 72 million U.S. dollars will be liquidated in order to terminate the merger agreement was originally signed.
Hewlett-Packard and Dell offer between the end of a bidding war that put an end around 3Par. Over the past few weeks, 3Par's stock has risen more than twice. Dell Inc. on August 16 was first proposed 18 dollars per share takeover offer before, 3Par shares less than 10 dollars.
3Par shares rose 80 cents the day, closing at 32.88 U.S. dollars / share, or 2.49%. HP shares rose 47 cents to close at 39.68 U.S. dollars / share, or 1.2%. Dell shares rose 24 cents to close at 12.36 U.S. dollars / share, or 1.98%.
HP executive vice president and enterprise servers, storage and network general manager Dave Donatelli, said: "HP and 3Par is a successful combination of the merger will enable HP to accelerate the implementation of integration strategy and strengthen our infrastructure to industry customers with the highest level of performance, efficiency and reliability capabilities, we intend to continue to invest in 3Par's technology to create long term value for shareholders. "
3Par's President and CEO David Scott (David Scott) said: "After joining HP in particular investment in HP products has accelerated in the world the ability to acquire new customers, will 3Par flexible and efficient storage solution can really thrive growing up. 3Par have cloud computing to the enterprise and service provider Jiaofu do more with less ability to win the reputation. through HP's global reach, strong market line and our common culture of innovation, we can organizations experience more change in the value of 3Par technology. "