Deals
HP Increases Offer for 3Par to $33, Trumping Dell’s New $32 Bid
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Hewlett-Packard Co. increased its offer for 3Par Inc. to $33 a share, topping Dell Inc.’s new $32 proposal and stretching the public bidding war for the data- storage supplier into its 18th day.
HP’s offer is a “superior proposal,” 3Par said today in a statement. The Fremont, California-based company said it notified Dell of its intention to terminate their merger agreement.