3Par gives Dell three days to top HP's offer
Dell has until Thursday to top Hewlett-Packard's $1.6 billion offer for 3Par, the sought-after storage vendor announced Tuesday.
Fremont, Calif.-based 3Par said in a filing with the Securities and Exchange Commission that HP's unsolicited proposal was "reasonably likely to lead to a 'superior proposal'," and that it had informed Dell that it had three days to submit a more attractive offer. If Dell doesn't produce a superior offer after three days, 3Par intends to begin merger negotiations with HP, 3Par said in its filing.
"3PAR intends to engage in discussions with HP … Read more