Debevoise Reps Dell In $1.15B 3Par Purchase

Law360, New York (August 16, 2010, 2:04 PM EDT) -- Aiming to further increase its reach in the data management realm, Dell Inc. announced Monday its plans to acquire data storage provider 3Par Inc. for approximately $1.15 billion.

Under the terms of the deal, Dell plans to launch a tender offer to buy all outstanding common stock of 3Par for $18 per share in cash. Dell's bid marked an 87 percent premium over 3Par's $9.65 a share closing price on Friday.

The board of directors of each company has approved the terms of the deal, and...
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