Aug 26, 2010 9:06 AM by Bea Karnes, News First 5

Dell wins bidding war for 3Par

Dell says data storage maker 3Par has accepted its raised buyout bid of $1.52 billion, after the computer maker topped an offer from rival Hewlett-Packard.

The offer is $24.30 a share in cash. That is up from Dell's previous offer of $1.13 billion.

Rival Hewlett-Packard offered about $1.5 billion on Monday, or about $24 per share.

The deal is still subject to government approvals and other closing conditions. It's expected to close before the end of the year.

Dell believes the deal will boost earnings by fiscal 2012.

Dell is based in Round Rock, Texas.


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