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Dell agrees $1.6bn 3Par takeover

Dell agrees $1.6bn 3Par takeover

Computer giant Dell has agreed to take over data storage firm 3Par after tabling an improved offer for the company.

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Dell says its new offer of $24.30 a share has been accepted by 3Par, following a battle for the company with rival Hewlett Packard (HP).

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The new agreement values 3Par at $1.6bn (£1bn), matching an earlier offer tabled by HP on Monday.

Dell said the deal would “dramatically accelerate” 3Par’s revenue growth.

“Dell has a demonstrated commitment and track record in integrating and growing acquired companies and nurturing their entrepreneurial and innovative cultures,” the company said in a statement.

Read More/Source: BBC News

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