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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
09/23/201020:28:12Oracle CEO: 'You Could See Us Buy A Chip Company'
09/20/201016:39:08TECH STOCKS: Tech Stocks Rise On Latest Data Storage Buyout
09/13/201017:01:39TECH STOCKS: Microsoft, Chip Sector Lead Tech Surge
09/13/201014:38:05TECH STOCKS: H-P, ArcSight Deal Fuels Tech-sector Gains
09/08/201014:47:11H-P CFO Lesjak: CEO Search Committee Is Actively Interviewing...
09/08/201010:41:24Dell Seeks To Improve EMC Relationship After Failed 3Par Bid
09/07/201008:36:23TECH VIEW: Andreessen Plays Key Role As H-P Seeks New CEO
09/02/201018:57:26H-P Details $33-A-Share Tender Offer; 3Par Pays Dell $72 Million...
09/02/201017:01:59TECH STOCKS: Tech Stocks Close With Gains; H-P Wins 3Par Fight
09/02/201016:43:09MARKET SNAPSHOT: Stocks Log Gains Ahead Of Friday Jobs Report
09/02/201016:09:09MARKET SNAPSHOT: Stocks Creep Higher Near Close Of Trading
09/02/201015:21:05MARKET SNAPSHOT: Stocks Stay Close To Home Ahead Of Friday Data
09/02/201012:15:233Par Shares Fall Below H-P Bid After Dell Withdraws
09/02/201011:31:42TECH STOCKS: Tech Stocks Rise As H-P Wins 3Par Bidding War
09/02/201011:17:22MARKET SNAPSHOT: U.S. Stocks Waver After The Start
09/02/201011:13:12TECH STOCKS: Tech Stocks Rise As HP Wins 3Par Bidding War
09/02/201010:18:35WSJ: H-P Boosts 3Par Offer To $2.1 Billion; 3Par Calls Bid 'Superior'
09/01/201018:07:193Par Bidding Underscores Need to Integrate Cloud Technologies
08/31/201016:51:32TECH STOCKS: Chip-stock Losses Lead Weak Month For Techs
08/31/201011:35:12TECH STOCKS: Tech Stocks Muddle Through Another Mixed Session

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