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(The Hosting News) – HP and 3PAR Inc. today announced that they have entered into a definitive agreement under which HP will purchase 3PAR through a cash tender offer of $33 per share in cash, or an enterprise value of $2.35 billion. The transaction has been approved by the boards of directors of both companies.Combining [...]
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(The Hosting News) – Hewlett-Packard recently topped Dell’s $1.15 billion offer made last Monday for 3PAR, igniting a bidding war.HP presented its offer on Monday morning in the form of a letter to 3PAR President and CEO David Scott.Shane Robison, HP’s Executive VP and Chief Strategy and Technology Officer said in a letter that the [...]
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