Deals
HP Trumps Dell in 3Par Bidding, Offering $2 Billion
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Hewlett-Packard Co. topped Dell Inc. in the bidding for 3Par Inc. for a third time, saying it would pay $30 a share, or $2 billion, for the data-storage provider.
That bested Dell’s earlier $27-a-share proposal, which 3Par had accepted. Dell started the public bidding at $18 a share on Aug. 16 and has matched or topped subsequent proposals from rival computer maker HP. Yesterday’s surge in 3Par stock to as high as $32.58 suggests investors expect more jostling.