Sunday, August 29, 2010

Behind The Bidding War: The Real Reasons Why HP And Dell are So Desperate For 3Par

As I was writing this, news of the HP / Dell bidding war for 3PAR broke on the front page of Yahoo. This made me laugh, as it typified just how crazy this story has become?few things outside of a bidding war will make a storage acquisition sexy enough to make mainstream news.

At $30, HP?s current offer is the sixth bid, a 200 percent premium over 3PAR?s previous $10 share price. Not only is this insane, but it?s also nearly unprecedented in M&A history. And since 3PAR is trading above $32 the market thinks Dell will bid even higher.

INTEL INSIGHT ENTERPRISES INGRAM MICRO INFORMATICA

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