Dell announced this morning that 3PAR has accepted its increased offer to acquire the storage company for $24.30 per share in cash, or approximately $1.6 billion, net of 3PAR’s cash.
Dell had previously signed an agreement to acquire 3PAR for $18 per share, with a provision for matching competing bids.
HP subsequently outbid Dell for the data storage company, offering $24 per share in cash, or also roughly $1.6 billion at the time. Dell and 3PAR have now signed an amendment to the agreement reflecting the new offer price, which brings its bid up to par with HP’s offer.