ADVFN - Advanced Financial Network.
HOME» NYSE » 0-9+ » PAR Stock Price » PAR Stock News

3par Share News

 3par Stock Price
PAR Stock Price
 3par Stock Chart
PAR Stock Chart
 3par Stock News
PAR Stock News
 3par Company Information
PAR Company Information
 3par Stock Trades
PAR Stock Trades

WSJ: H-P Boosts 3Par Offer To $2.1 Billion; 3Par Calls Bid 'Superior'

THE WALL STREET JOURNAL Hewlett-Packard Co. (HPQ) boosted its offer for 3PAR Inc. (PAR) yet again, to $2.1 billion, and the maker of storage products used in cloud computing intends to terminate its deal with Dell Inc. (DELL) as H-P's latest offer was deemed "superior" to 3PAR's agreement with Dell, 3Par said. 3Par shares were up 4.7% at $33.60, showing investors believe the bidding war still isn't done. Dell was off 2 cents at $12.10 and H-P declined 3 cents to $39.18. The latest salvo in a bitter bidding war between the two technology giants comes more than two weeks after Dell initially announced its agreement to buy 3PAR for about $1.2 billion in cash, or $18 a share. On Aug. 23, H-P publicly announced its offer of $24 a share, which it proceeded to raise twice last week in two three-dollar increments. The latest offer is $33 a share. Last Friday, H-P raised its offer for 3PAR to $30 a share, giving Dell three days to match the offer under the terms of its existing merger agreement or drop out of the bidding. Dell's executives were exploring alternative proposals to save its deal to buy 3PAR, originally announced on Aug. 16, and mostly recently bid $32 and increased the termination fee. Dell still has three days to match the bid and it continues to evaluate its options, people familiar with the matter told The Wall Street Journal. -By Tess Stynes and Anupreeta Das, Dow Jones Newswires; 212-416-2481;;

Stock News for 3par (PAR)
03/25/201516:41:04Current Report Filing (8-k)
03/17/201516:00:00PAR Expands Mobile Point of Sale (POS) Solutions for Restaurant...
03/16/201519:45:04PAR Technology Corporation's (PAR) CEO Ron Casciano on Q4 2014...
03/16/201516:23:52Current Report Filing (8-k)
03/16/201516:00:00PAR Technology Corporation Announces 2014 Fourth Quarter Results
03/04/201515:22:00Par Technology Corporation Releases Fiscal 2014 Fourth Quarter...
03/02/201516:46:18Current Report Filing (8-k)
02/17/201517:23:40Amended Statement of Beneficial Ownership (3/a)
02/17/201515:56:34Annual Statement of Changes in Beneficial Ownership (5)
02/17/201515:49:43Annual Statement of Changes in Beneficial Ownership (5)
02/17/201515:44:51Annual Statement of Changes in Beneficial Ownership (5)
02/13/201515:32:27Statement of Ownership (sc 13g)
01/27/201515:56:41Statement of Ownership (sc 13g)
01/26/201515:05:08Current Report Filing (8-k)
01/26/201507:30:00Moonstone Hotels Selects ATRIO® PMS For Their Entire Five Property...
01/20/201507:30:00Tom + Chee® Selects PAR⢠Brink POS for Their Growing Franchise
01/16/201513:41:00PAR Technology Corporation to Present at Noble Financial Capital...
01/14/201507:30:00Kennebunkport Resort Collection Moves to the Cloud with ATRIO®...
01/12/201512:47:00PAR Announces the Introduction of PAR SureCheck® Advantage â A...
01/08/201507:30:00Grayshott and PAR Springer-Miller Expand their Relationship with...

3par and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations