Business & Finance Club - Seattle: Hewlett-Packard boosted its bid for 3PAR to $1.88 billion (Dh6.9 billion), topping Dell's offer by 11 per cent and again raising the stakes in the bidding contest for the data-storage company.
The $30-per-share offer from HP came just hours after Dell matched HP's Thursday bid of $27 per share.
The latest price is three times what 3PAR was trading at before Dell made its first bid last week, for $18 per share, or $1.13 billion.
Dell and 3PAR said that 3PAR's board had accepted the latest bid from Dell, which only has to match the terms of other offers under its initial agreement.
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