Feeds

Previous HP bid for 3PAR rejected

HP goes hostile

Application security programs and practises

In a webcast discussing HP's bid for 3PAR today, HP said it had made a previous offer for the company which had, instead, accepted a Dell offer.

HP's David Donatelli, head of its Enterprise Servers, Storage and Networks division, said that HP had run due diligence on 3PAR before any publicity about a 3PAR acquisition and that there was an HP offer on the table when the Dell bid was agreed.

This means that 3PAR's leadership rejected it, preferring the Dell bid and, indeed, agreeing the Dell bid. By the point that 3PAR agreed to go with Dell any further HP bid must have been sought and not found, HP refusing to modify its then outstanding offer, or not been sought.

In either case 3PAR effectively rejected HP. Now HP has come back with a public offer, more or less telling the 3PAR board to think again. It's letter stated: "We propose to increase our offer to acquire all of 3PAR outstanding common stock to $24.00 per share in cash," indicating that, at first glance, the outstanding offer was for less than Dell's $18/share. But suppose that was not the case.

Our thinking is that Dell promised 3PAR arms-length management as a more or less independent entity inside Dell, similar to the acquired EqualLogic operation. Both Dell and 3PAR were happy with the bid.

Donatelli said in the webcast that 3PAR was an excellent fit with HP, being located nearby in Silicon Valley, and that it could quickly be integrated and grow inside HP. He would not answer a question about how3PAR would be managed inside HP, saying it was too soon to say.

Our reading of this is that 3PAR inside HP would be surrounded by a close HP embrace and not run as a semi-independent entity like EqualLogic.

It looks from here as if HP has made a hostile and unwanted bid for 3PAR and that 3PAR will be quite anxious for a re-bid from Dell to take place, although, in their heart of hearts it must fear that Donatelli's pockets are deeper than Michael Dell's. ®

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
Apple fanbois SCREAM as update BRICKS their Macbook Airs
Ragegasm spills over as firmware upgrade kills machines
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Attack of the clones: Oracle's latest Red Hat Linux lookalike arrives
Oracle's Linux boss says Larry's Linux isn't just for Oracle apps anymore
THUD! WD plonks down SIX TERABYTE 'consumer NAS' fatboy
Now that's a LOT of porn or pirated movies. Or, you know, other consumer stuff
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.