Dell to Up 3Par Bid in Coming Days: Report
ROUND ROCK, Texas (
) --
Dell
(DELL) - Get Dell Technologies Inc. Class C Report
is putting together a sweetened offer for data-storage company
3Par
(PAR) - Get PAR Technology Corporation Report
after its earlier bid was topped by
Hewlett-Packard's (HPQ) - Get HP Inc. Report $1.6 billion proposal
on Monday,
Bloomberg
reports.
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Citing a person familiar with the matter,
Bloomberg
says Dell could send its increased offer in the coming days.
Dell last week offered to buy 3Par
for about $1.15 billion. It couldn't be determined how much Dell planned to raise its price,
Bloomberg
says.
A Dell spokesman declined to comment for
Bloomberg
, as did spokespeople from 3Par and HP.
Shares of 3Par closed Monday up $8.05, or 44.6%, to $26.09. It was trading at $9.65 the last trading day before Dell's bid on Aug. 16.
-- Written by Joseph Woelfel in New York.
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