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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
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...

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