HP acquisition bid 'superior' to Dell's, says 3PAR

Data storage firm 3PAR said today a newly-raised acquisition offer by computer-maker Hewlett-Packard was "superior" to that made by Dell, amid a bidding war between the PC giants.

Data storage firm 3PAR said on Saturday a newly-raised acquisition offer by computer-maker Hewlett-Packard was "superior" to that made by Dell, amid a bidding war between the PC giants.

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"3PAR determines HP's proposal is superior," the California-based firm said.

HP on Friday announced it would increase its offer for 3PAR to two billion dollars or 30 dollars per share in cash, up 11 per cent from Dell's 27 dollars per share offer.

HP, the world's largest computer maker, said it did not require financing to carry out the deal that has been approved by its board of directors.