3PAR accepts raised Dell acquisition bid

Friday 27 August 2010 | 14:36 CET | News
Cloud computing storage specialist 3PAR said it has accepted a matching offer by Dell at USD 27 per share, or a total of USD 1.8 billion, net of 3PAR's cash. 3PAR and Dell have signed a second amendment to their previously announced merger agreement reflecting the new offer price, maintaining the termination fee unchanged at USD 72 million, payable in the event that 3PAR receives and accepts another unsolicited acquisition proposal that its board determines to be superior to Dell's increased offer. Unless extended, the tender offer will expire at 20 September. Following completion of the

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Categories: Internet
Companies: Dell EMC / HP
Countries: World
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