stepped up its bid for
Thursday with a price a mere 30 cents a share over
offer, signaling that a rich bidding war may not be in store.
Dell says 3Par has accepted a revised takeover offer of $24.30 per share, a mere $20 million more than Hewlett-Packard's bid of $24 per share. The new offer is significantly higher than Dell's original $18 a share proposal earlier this month.
Shares of storage specialist 3Par fell 1% to $26.60. Earlier this week, in the wake of the HP offer, 3Par shares soared to $27.49 or nearly 50% in anticipation of a much bigger offer from Dell.
HP and Dell are interested in 3Par's Web-based or cloud storage service as a way to fill in gaps in their largely hardware based network storage offerings.
The merger interest in the storage sector could ignite larger deals like a move by
to acquire data networking partner
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