Dell Inc.'s $1.15 billion bid for 3PAR is now seriously threatened as Hewlett Packard Company is all set with a bid of $1.18 billion or a $27 bid per share. HP has once again for the second time outbid Dell Inc.'s latest bid of $24.30 per share by a bid of $27 per share with the first time being when HP outbid Dell's original bid of $18 per share.
Hewlett-Packard (HP) Corporation, the world wide U. S. information technology corporation, increased its bid, again, for 3PAR Incorporation, the U. S. manufacturer of data management and storage software, on Friday, exceeding Dell’s offer by almost 11%. As a result, the 3PAR bidding is still mounting.
Thrown out ex CEO of Hewlett-Packard (HP), Mark Hurd is said to be planning to sell his stocks in the company. The total worth of the stocks is estimated to be $30 million. He declared about his plans way back on August 23 and the market has since been waiting in anticipation for the execution of the plans.
Hewlett-Packard announced its third-quarter financial results and insisted it was "looking forward following the surprise departure of Chairman and CEO Mark Hurd.
Cathie Lesjak, HP's chief financial officer who was also made interim CEO after Hurd's departure, told reporters that HP's strategy is unlikely to change when it appoints a new, permanent CEO.
The shareholders of mobile device manufacturer Palm seem to be elated with the recent deal happened with Hewlett-Packard.
The deal soon to get over will see the final icing on the cake on the 1 July, claims the US Securities and Exchange Commission.
HP on the other hand has paid $1.2 billion for the takeover of Palm.
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