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H-P Details $33-A-Share Tender Offer; 3Par Pays Dell $72 Million Fee

DOW JONES NEWSWIRES Hewlett-Packard Co. (HPQ) said late Thursday that it agreed to buy 3Par Inc. (PAR) through a cash tender offer of $33 a share, and 3Par confirmed it paid Dell Inc. (DELL) a $72 million termination fee to end their merger agreement. Dell bowed out of the bidding earlier in the day after H-P offered $33 a share for the data-storage company. The ceasefire between the tech titans ended quite a run for 3Par, whose shares more than tripled in value in the past few weeks. They traded for less than $10 before Dell's initial offer of $18 on Aug. 16. H-P's cash tender offer is scheduled to expire at midnight EDT Sept. 24. The merger is expected to close by the end of the year. 3Par's shares were at $32.86, down 2 cents, in after-hours trading. H-P's closed at $39.68 and Dell's at $12.36. Both were inactive after hours. -By Kathy Shwiff, Dow Jones Newswires; 212-416-2357; kathy.shwiff@dowjones.com

Stock News for 3par (PAR)
DateTimeHeadline
08/09/201607:30:00PAR Technology Subsidiary Awarded $13.6 Million U.S. Navy Contract...
08/08/201617:29:37Quarterly Report (10-q)
08/02/201607:30:00PAR Technology Subsidiary Announces $13.8 Million Federal Agency...
07/27/201609:04:24Current Report Filing (8-k)
07/27/201607:30:00PAR Technology Corporation Announces 2016 Second Quarter Results...
07/20/201611:22:00PAR Technology Corporation Releases Fiscal 2016 Second Quarter...
07/19/201607:30:00Lenny’s Subs Selects PAR Technology’s Cloud-Based Brink POS® Soft...
07/14/201610:33:31Statement of Changes in Beneficial Ownership (4)
07/12/201607:30:00Par Technology Subsidiary Announces $5.1 Million Contract with...
07/06/201616:00:00PAR Technology Subsidiary Names John M. Mancuso Senior Director...
06/27/201609:54:00PAR Technology Corporation to Present at the East Coast IDEAS...
06/21/201607:30:00Ireland’s Largest Pub Group Selects PAR Technology’s PixelPoint® Poin...
06/06/201607:30:00PAR Brink POS Completes Integration with Decision Logic, a Restaurant...
05/31/201617:11:52Specialized Disclosure Report (sd)
05/25/201607:30:00PAR Technology Subsidiary Announces New $1.8 Million U.S. Navy...
05/24/201613:01:20Current Report Filing (8-k)
05/24/201607:30:00PAR Announces the Release of Brink POS® Software Version 3.6
05/18/201618:19:49Statement of Changes in Beneficial Ownership (4)
05/18/201618:18:59Statement of Changes in Beneficial Ownership (4)
05/18/201618:13:44Statement of Changes in Beneficial Ownership (4)

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