Feeds

Previous HP bid for 3PAR rejected

HP goes hostile

3 Big data security analytics techniques

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. ®

SANS - Survey on application security programs

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.