Holders of 33 Percent of 3PAR Stock Back HP Offer
Storage vendor says it has paid Dell $72 million termination fee.
In an 8-K Securities and Exchange Commission (SEC) filing, 3PAR said that owners of approximately 33% of the outstanding stock of the Company have entered into a tender and voting agreement to affirm the merger agreement with HP.
3PAR also confirmed that it has paid $72 million it owed Dell Inc. for terminating the prior merger agreement between the two companies.
HP won the three-week long bidding war for 3PAR when the $200 million storage vendor rejected Dells last ditch $32 per share proposal in favor of HPs bid.
Dell subsequently declined to raise its offer for 3PAR and withdrew from the bidding.
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