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1Repair Windows errors before they cause bigger problems2Fix the driver behind crashes, sound loss and screen glitches3Clear out junk files and repair common Windows errorsDell countered HP’s $1.6 billion proposal for 3PAR in 2010 with a $24.30-per-share offer, but HP ultimately secured the storage company for $33 per share, or $2.35 billion in enterprise value. The bidding contest was driven by 3PAR’s storage architecture and its potential role in virtualized data centers and cloud computing.
How the 3PAR bidding contest unfolded
The offers changed quickly between August 23 and September 2, 2010. The per-share figures and transaction values below are the amounts reported at the time; enterprise value is not the same as the price paid to shareholders.
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BDORFXZEV for 3PAR F200 F400 Controller 677196-001 641717-001 970-200036 Kit | $2,426.40 | Buy on Amazon |
| Date | Bidder and offer | Reported transaction value |
|---|---|---|
| August 23, 2010 | HP proposed $24 per share | $1.6 billion enterprise value (HP announcement) |
| August 26, 2010 | Dell countered at $24.30 per share; 3PAR accepted Dell’s proposal | Approximately $1.6 billion, net of cash (Dell announcement) |
| August 27, 2010 | HP raised its offer to $27 per share | $1.8 billion (HP announcement) |
| September 2, 2010 | HP and 3PAR agreed to a final offer of $33 per share | $2.35 billion enterprise value (HP announcement) |
HP described its $27 offer as a “Superior Proposal” under the merger agreement between Dell and 3PAR, saying it represented a 33.3% premium to Dell’s offer price. The 3PAR–Dell agreement also included a $72 million termination fee, reported in 2010; that contractual fee was separate from the bid prices.
Why Dell and HP wanted 3PAR
3PAR’s appeal was its multi-tenant, clustered utility-storage architecture, designed for highly virtualized data centers and cloud computing. Dell said the technology mattered to its customers and could strengthen its position in cloud-based storage applications. HP framed the deal as an expansion of its storage, server, networking, and Converged Infrastructure portfolio.
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That strategic fit helps explain why the offers rose despite the bids being separated by only days. Both companies were pursuing infrastructure for data centers increasingly built around virtualization and cloud services, and 3PAR offered a storage platform positioned for those workloads.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Who acquired 3PAR?
HP completed its acquisition of 3PAR on September 27, 2010. Dell’s higher-than-HP initial counteroffer did not win the contest; HP’s final agreement at $33 per share prevailed.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
