John Paczkowski

Recent Posts by John Paczkowski

Hewlett-Packard Raises 3Par Bid–Again

The bidding war over 3Par is beginning to look more like a game of Texas Hold’em.

This morning Hewlett-Packard (HPQ) again raised its bid for the data storage provider, trumping a superior bid made by Dell (DELL) just hours before.

HP offered $33 a share for 3Par (PAR), surpassing Dell’s counteroffer of $32 a share and pushing the total value of the deal to $2.4 billion. HP’s latest bid is more than three times 3Par’s $9.65 closing price on Aug. 13, the day before Dell’s first bid was revealed.

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