Deals
HP’s $1.8 Billion 3Par Offer Steps Up Its Bidding War With Dell
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Hewlett-Packard Co. escalated a bidding war with Dell Inc. yesterday, saying it would pay $1.8 billion for the computer-storage company 3Par Inc. and trumping an offer from Dell for the second time.
HP’s bid of $27 a share is 11 percent more than Dell’s $24.30-a-share offer, which 3Par had accepted earlier in the day. The public bidding kicked off on Aug. 16, when Dell said it would pay $1.15 billion, or $18 a share.