Both 3PAR and HP announced today a definitive agreement for HP to acquire 3PAR, in which the combination will accelerate HP’s Converged Infrastructure strategy and drive growth in key storage markets and strengthen HP’s unparalleled storage, server and networking portfolio. We’re assuming that this comes as a relief for HP (in winning form) and Dell (in “Glad it’s over form”).
The timeline for 3PAR’s party is as follows:
- Dell Signed An Agreement For $18 per share or $1.13 billion
- HP Countered With $1.6 Billion
- Dell Matched The Offer
- HP Then Offered $1.8 Billion, then a $2.2 Billion
- Dell Matched The Offer Once Again
- Dell Pulled Out (Will More Than Likely Collect $72 million termination fee from 3PAR for the dissolution of the merger agreement.
- HP Gets 3PAR For $2.35 Billion Dollars
So what do you think? Was HP the winner of this deal? Or Did 3PAR walkaway the winner? Either way, it’s over now, and we look forward to seeing this hotly contested acquisition put to work.