The storage vendor announces it will begin negotiations with HP over its unsolicited bid if Dell can't produce a more attractive offer in three business days.
With the appointment of David Scott, HP strengthens the management bench for its storage unit as it lookos to sell high-end 3Par systems throughout its channel.
Hewlett-Packard finalizes acquisition of the data-storage specialist following a successful tender for the company, according to statement.
update Dell walks away from the storage company after a bidding war that started at $18 a share and ended up with Hewlett-Packard's winning offer of $33 a share.
Hewlett-Packard raises the stake yet again in the quest to acquire 3Par, saying it will pay $27 a share, just hours after Dell raised its offer to $24.30.
The $1.6 billion offer to acquire storage vendor 3Par marks a 33 percent jump over rival Dell's $18-per-share bid from last week.
3Par offers highly virtualized storage arrays designed to help businesses treat storage as a utility, meaning they use--and pay for--capacity only as they need it.
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Ever faster, ever higher come the acquisition offers for storage specialist 3Par, which both Dell and HP are seeking to help boost their cloud-computing lineups.