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Sep 2, 2010

HP’s Donatelli wins 3PAR, status as CEO candidate

NEW YORK (Reuters) – Hewlett-Packard Co’s (HPQ.N: Quote, Profile, Research, Stock Buzz) fierce bidding war against Dell Inc (DELL.O: Quote, Profile, Research, Stock Buzz) for 3PAR Inc raised the profile of the once-obscure data storage business, and along with it the stature of HP executive Dave Donatelli.

Donatelli, who as head of enterprise servers, storage and networking marshaled the winning bid, is seen as one of the candidates to succeed Mark Hurd, the high-profile HP chief who stepped down on August 6 after a probe into his relationship with a contractor.

Sep 2, 2010

HP wins 3PAR for $2.4 billion, Dell bows out

NEW YORK (Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) won the bidding war to buy data storage company 3PAR Inc (PAR.N: Quote, Profile, Research, Stock Buzz) for $2.4 billion, after rival Dell Inc (DELL.O: Quote, Profile, Research, Stock Buzz) bowed out from a drawn-out bidding war on Thursday.

HP raised its offer by $3 to $33 per share, beating Dell’s latest $32-a-share offer and ending an exchange of bids that escalated to levels that many analysts said was too high.

Aug 31, 2010

Dell expected to bow out of 3PAR bidding

NEW YORK (Reuters) – Dell Inc(DELL.O: Quote, Profile, Research) is widely expected to bow out of a bidding war with Hewlett-Packard Co for data storage company 3PAR Inc because of the increased price tag.

A survey of eight technology investors and analysts by Reuters on Monday found most expect Dell to soon give up its pursuit of 3PAR, either ceding to HP’s last offer of $30 per share or giving up at a few dollars higher at most.

Aug 30, 2010

Analysis: Dell expected to bow out of 3PAR bidding

NEW YORK (Reuters) – Dell Inc (DELL.O: Quote, Profile, Research, Stock Buzz) is widely expected to bow out of a bidding war with Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) for data storage company 3PAR Inc (PAR.N: Quote, Profile, Research, Stock Buzz) because of the increased price tag.

A survey of eight technology investors and analysts by Reuters on Monday found most expect Dell to soon give up its pursuit of 3PAR, either ceding to HP’s last offer of $30 per share or giving up at a few dollars higher at most.

Aug 28, 2010

HP raises 3PAR offer to trump Dell again

NEW YORK (Reuters) – Hewlett-Packard Co raised its offer for 3PAR Inc to $2 billion, once again topping Dell Inc’s bid and showing it had plenty of ammunition in a bidding war for the data storage company.

HP’s offer on Friday of $30 per share was the latest in a week-long volley of escalating bids, and came less than 3 hours after Dell announced 3PAR had accepted its bid of $27 per share, which matched HP’s previous offer.

Aug 28, 2010

HP raises 3PAR offer to $2 bln, trumps Dell again

NEW YORK, Aug 27 (Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz)
raised its offer for 3PAR Inc (PAR.N: Quote, Profile, Research, Stock Buzz) to $2 billion, once again
topping Dell Inc’s (DELL.O: Quote, Profile, Research, Stock Buzz) bid and showing it had plenty of
ammunition in a bidding war for the data storage company.

HP’s offer on Friday of $30 per share was the latest in a
week-long volley of escalating bids, and came less than 3 hours
after Dell announced 3PAR had accepted its bid of $27 per
share, which matched HP’s previous offer.

Aug 27, 2010

HP raises 3PAR offer to $2 billion

NEW YORK (Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research) raised its offer for 3PAR Inc (PAR.N: Quote, Profile, Research) to $2 billion (1.3 billion pounds), once again topping Dell Inc’s (DELL.O: Quote, Profile, Research) bid and showing it had plenty of ammunition in a bidding war for the data storage company.

HP’s offer on Friday of $30 per share was the latest in a week-long volley of escalating bids, and came less than 3 hours after Dell announced 3PAR had accepted its bid of $27 per share, which matched HP’s previous offer.

Aug 27, 2010

Dell raises 3PAR offer to match HP bid

NEW YORK (Reuters) – Dell Inc fired back in a bidding war for data storage company 3PAR Inc, matching a $1.8 billion offer by Hewlett-Packard Co and showing it isn’t giving up yet against its bigger rival.

Dell said on Friday 3PAR had accepted its new $27-per-share bid, up 10 percent from its previous offer, in line with their agreement that allows Dell to match competing bids.

Aug 27, 2010

HP trumps Dell again as 3PAR bidding war escalates

NEW YORK (Reuters) – Hewlett-Packard Co raised its bid for data storage company 3PAR Inc to $1.8 billion, dealing a blow to Dell Inc’s $1.6 billion effort to win a rapidly escalating bidding war.

HP’s counteroffer of $27 a share came just hours after Dell raised its previous bid by a third, to $24.30. Shares of 3PAR, considered an attractive asset by both companies as they try to expand into new technologies like cloud computing, leapt 7 percent to $27.75 in after-hours trade.

Aug 26, 2010

Dell raises bid for 3PAR, trumping HP

NEW YORK (Reuters) – Dell Inc raised its bid for data storage company 3PAR Inc to $1.6 billion, a slightly higher offer than bigger rival Hewlett-Packard Co, which is expected to respond with an even stronger bid.

Dell’s latest offer comes in at $24.30 a share, only 30 cents a share above HP’s bid but well above its initial bid of $18 a share earlier this month. 3PAR said in a statement on Thursday that it accepted HP’s latest offer.