0
Broadband

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

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Dell EMC / HP
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Dell concedes defeat to HP over 3PAR

Published 02 Sep 2010 21:41 CET | World
Dell will not increase its most recent proposal to acquire cloud computing storage specialist 3PAR following a raised bid by HP ...

HP hopes to beat Dell by raising bid for 3PAR again

Published 30 Aug 2010 08:58 CET | World
HP went back into the ring and increased its acquisition bid for cloud computing storage specialist 3PAR to USD 30 per share in ...

HP bests Dell by raising bid for 3PAR

Published 27 Aug 2010 11:08 CET | World
HP has upped its acquisition bid for cloud computing storage specialist 3PAR to USD 27.00 per cash share, or a total value of USD ...

HP bids for cloud computing data storage specialist 3PAR

Published 24 Aug 2010 08:57 CET | World
HP said it has submitted a bid for 3PAR at USD 24.00 per share in cash, or a total value of USD 1.6 billion. HP noted that the ...





Calendar   /   Industry Events

23 Jul Vodafone Group fiscal Q1
23 Jul Megacable Q2
25 Jul Fiber Connect
26 Jul Orange Belgium Q2 2021
26 Jul Logitech fiscal Q1
26 Jul Calix Q2
26 Jul F5 fiscal Q3
27 Jul Alphabet Q2
27 Jul A10 Networks Q2
27 Jul AudioCodes Q2 2021
27 Jul Corning Q2
27 Jul Juniper Networks Q2 2021
27 Jul Telefonica Brasil Q2 2021
27 Jul TIM Q2 2021
27 Jul TIM Brasil Q2 2021
27 Jul KPN Q2 2021
27 Jul SK Hynix Q2
27 Jul MediaTek Q2 2021
27 Jul NortonLifeLock fiscal Q1
27 Jul Microsoft fiscal Q4
28 Jul Ribbon Communications Q2 2021
28 Jul Altice USA Q2
28 Jul Qualcomm fiscal Q3
28 Jul Ooredoo Q2 2021
28 Jul Extreme Networks fiscal Q4
28 Jul Telefonica Deutschland Q2 2021
28 Jul Spotify Q2 2021
28 Jul Cirrus Logic Q1
28 Jul Facebook Q2
28 Jul Equinix Q2
::: More Calendar Items