HP Offers $1.6 Billion for 3PAR, Tops Dell's Offer

From PC World: Hewlett-Packard has offered to buy 3PAR, a vendor of virtualized storage systems, for US$1.6 billion in cash, topping a bid of $1.15 billion made by Dell last Monday.

HP made its offer in a letter to 3PAR President and CEO David Scott on Monday morning.

The offer will force 3PAR's board to reconsider its merger agreement with Dell as the HP offer is a "superior proposal," HP's Executive Vice President and Chief Strategy and Technology Officer, Shane Robison, wrote in the letter.

Robison said that HP would be a better fit for 3PAR than would Dell, as both are Silicon Valley companies.

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