The battle over 3PAR began on August 16, when Dell first announced its intent to acquire the company, with its industry-leading storage technology, for a price of $18 per share. HP created competition for the company with an offer of $24 per share one week later.
HP stated that it is pursuing a disciplined approach to only pursuing acquisitions that will strengthen its portfolio and create long-term value for our shareholders, according to Dave Donatelli, executive vice president and general manager, Enterprise Servers, Storage and Networking, HP said yesterday.
Julie Langenkamp is editor-in-chief of Information Management. She can be reached at julie.langenkamp@sourcemedia.com. Follow her on Twitter at @JulieLangenkamp.
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