Dell Given Three Days to Beat HP’s offer

(Ping! Zine) – In a recent filing, 3Par announced tha HP’s offer was “reasonably likely to lead to a ‘superior proposal’,” and that Dell has been informed that it must submit a better offer in the next three days. If Dell fails to make a counter offer, 3Par said it will begin merger negotiations with Hewlett-Packard.

The recent filing is a result of HP’s recent offer to acquire 3Par for $1.6 billion. HP’s offer topped Dell’s offer from last week which was $1.15 billion.

Recent reports say that Dell is currently working on making a better offer for 3Par, but there has been no word yet on what the offer will be.