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Notable Mergers and Acquisitions of the Day 09/02: PAR/HPQ, BKC, HTZ/DTG/CAR
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- The unprecedented bidding war for 3Par Inc. (NYSE: PAR) continued on Thursday morning, as the data storage company confirmed that Hewlett Packard Co. (NYSE: HPQ) has increased its offer for the company to $33 per share from a previous offer of $30 per share.
The latest offer for 3Par from HP came in ahead of rival Dell Inc.’s (NASDAQ: DELL) most recent offer of $32 per share. Dell’s previous bid had been $27 per share.
Bidding for 3Par began on August 16, when Dell had agreed to acquire the company for $18 per share, which at time time was a significant premium
- The unprecedented bidding war for 3Par Inc. (NYSE: PAR) continued on Thursday morning, as the data storage company confirmed that Hewlett Packard Co. (NYSE: HPQ) has increased its offer for the company to $33 per share from a previous offer of $30 per share.
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