HP Races To Top Dell's Latest Offer In Fight For 3Par

Law360, New York (August 26, 2010, 5:21 PM EDT) -- Hewlett-Packard Co. has again upped the ante in its bidding war with Dell Inc. for 3Par Inc., topping its rival's latest $1.52 billion bid by offering $1.8 billion to acquire the data storage provider — marking an 11 percent premium above Dell's most recent offer of $24.30 per share in cash.

Palo Alto, Calif.-based HP's offer Thursday came just a few hours after Dell increased its Aug. 16 offering price of $1.13 billion, which HP had countered on Monday with an offer of about $1.5 billion,...
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