Dell Bids $24.30 for 3Par Inc: Dell offer appears Good!

Dell Inc. (DELL) raised it's bid for 3Par Inc (PAR) this morning to $24.30. 3Par appears to be accepting the offer leaving Hewlett-Packard (HPQ) in the dust.

3PAR Accepts Dell's Increased Price of $24.30 Per Share, with Total Enterprise Value of $1.6 Billion

Dell Inc. (DELL) announced today that 3PAR has accepted its increased offer to acquire the storage leader for $24.30 per share in cash, or approximately $1.6 billion, net of 3PAR's cash. 3PAR is a leading global provider of storage solutions with advanced data management features for multi-tenant cloud-computing environments.

Dell had previously signed an agreement to acquire 3PAR for $18 per share, with a provision for matching competing bids. Dell and 3PAR have signed an amendment to the agreement reflecting the new offer price. Full Article Here

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