FREMONT, Calif. (
late Friday said it had accepted suitor
latest bid, for $30 a share.
But Dell, HP's rival in the takeover battle for the storage tech company, reportedly said Saturday it was pondering making another offer.
In a news release, 3Par characterized
as a "superior proposal" to the latest one from rival
3Par also said it had notified Dell that it intended to terminate their merger agreement after a three-business-day period specified in the agreement.
Dell can return with another offer during that period, however, and a Dell representative Saturday said the company was considering doing so, the
HP made its $30-a-share bid Friday, just hours after Dell had matched HP's previous bid of $27 a share.
The bidding war drove up shares of 3Par nearly 80% this week. They closed Friday at $32.46, up $6.43 on the session.
This article was written by a staff member of TheStreet.