Shortly after Dell announced Friday morning that 3PAR accepted its increased offer to acquire the storage leader for $27 per share in cash, or approximately $1.8 billion, HP intensified the bidding war with an offer for $30 per share.

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.

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