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Dell may up 3Par bid

Dell reportedly plans to raise its bid for 3Par after Hewlett-Packard offered US$1.6 billion for the storage firm. Will buyer's remorse follow the ultimate winner?

Dell reportedly plans to raise its bid for 3Par after Hewlett-Packard offered US$1.6 billion for the storage firm.

On Monday, HP offered US$24 a share for 3Par. On Aug. 16, Dell offered US$18 a share. The real kicker is that 3Par closed at US$9.58 on Aug. 13.

Reuters reported that the Dell offer was on deck. Fund managers surveyed by Reuters expected the final 3Par price to be about US$29 a share.

Read more of "Dell may up 3Par bid; Winner's curse could follow" at ZDNet.com.