The ongoing bidding war between HP and Dell over virtualized storage company 3PAR finally ends in its third week, with HP winning the bid. The Palo Alto IT giant turned the tables on Dell with a $2 billion bid last Friday that caused 3PAR to announce it was terminating the merger agreement it had reached with Dell in mid-August.
Sep 2nd, board of directors at 3PAR determined that HP’s revised offer was the “Superior Proposal,” and again let Dell know its intention of terminating the merger agreement.
Dell responded by saying it would place no further bids. “We took a measured approach throughout the process and have decided to end these discussions,” said Dave Johnson, Dell’s svp. “We believe our strategy of creating open, affordable and capable solutions resonates well with customers and will enable us to continue to outgrow the industry.”