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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
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...
11/14/201616:09:38Quarterly Report (10-q)
11/14/201608:16:16Current Report Filing (8-k)
11/14/201607:30:00PAR Technology Corporation Announces 2016 Third Quarter Results...
11/07/201616:10:00CORRECTING & REPLACING PAR Technology Corp. Releases Fiscal 2016...
11/03/201616:43:00PAR Technology Corporation Releases Fiscal 2016 Third Quarter...
11/02/201607:30:00Wegmans Upgrades to PAR Technology’s SureCheck® Advantage Fo...
10/27/201607:55:00PAR Technology Subsidiary Announces New $5.2 Million U.S. Air...
10/24/201607:30:00MAD Greens Selects PAR Technology’s Cloud-Based Brink POS® So...
10/04/201607:58:00PAR Technology Subsidiary Announces New $7.2 Million Contract...
09/26/201607:30:00PAR Technology Unveils The Brink® POS Software Mobile App at...
09/20/201607:30:00Aurify Brands Selects PAR Technology’s Cloud-Based Brink POS® So...
09/14/201607:30:00PAR Technology Subsidiary Announces New $5.0 Million Contract...
09/08/201607:30:00PAR Technology Subsidiary Announces $3.0M Contract with Air Force...
08/25/201607:30:00BurgerFuel® Worldwide Completes Deployment of PAR Technology’s Po...
08/09/201607:30:00PAR Technology Subsidiary Awarded $13.6 Million U.S. Navy Contract...
08/08/201617:29:37Quarterly Report (10-q)

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