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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; [email protected]

Stock News for 3par (PAR)
DateTimeHeadline
03/23/201707:30:00Showmars® Hospitality Group Selects PAR Technology’s Cloud-Based Br...
03/13/201708:31:37Current Report Filing (8-k)
03/13/201707:30:00PAR Technology Corporation Announces 2016 Fourth Quarter & Full...
03/09/201712:25:00PAR Technology Corporation to Present at 29th Annual ROTH Capital...
03/07/201718:19:00CORRECTING & REPLACING PAR Technology Corp. Postpones Release...
03/07/201716:55:00PAR Technology Corp. Postpones Conference Call & Webcast Information...
03/03/201708:02:00PAR Technology Corp. Releases Conference Call & Webcast Information...
02/15/201707:08:30Amended Statement of Ownership (sc 13g/a)
02/14/201717:58:12Statement of Ownership (sc 13g)
02/09/201707:30:00CRS Texas becomes PAR PixelPoint® POS Software Reseller
02/07/201707:30:00CAVA Selects PAR Technology's Brink POS® Software for All Locations
01/26/201712:15:00PAR Technology Corporation to Present at 13th Annual Noble Capital...
01/10/201717:05:46Initial Statement of Beneficial Ownership (3)
01/09/201714:47:19Statement of Ownership (sc 13g)
01/09/201707:30:00Dominó Soda Fountain in Chile Selects PAR Technology’s PixelPoint® Poi...
12/14/201607:30:00Erik’s DeliCafé Selects PAR Technology’s Cloud-Based Brink POS®...
12/05/201617:15:26Current Report Filing (8-k)
12/05/201616:00:00PAR Technology Corporation Appoints Bryan Menar as Chief Financial...
12/02/201617:12:48Current Report Filing (8-k)
12/02/201607:30:00PAR Announces Release of SureCheck® Version 7.0 Food Safety...

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