3PAR Inc. (NYSE: PAR) sets record high due to Dell Inc. (NASDAQ: DELL)

Dell buys 3PAR for $ 1.15 billion

In brief: 3PAR Inc. (NYSE: PAR) is deprived of autonomy. Dell Inc. (NASDAQ: DELL) made a major purchase.

Dell Inc. (NASDAQ: DELL) shares fell to 11.98, losing -0.03 (-0.22%) on the background of the new deal. 3PAR Inc. (NYSE: PAR) shares rose in price to the maximum – 18.03 points, gaining 86.84% in early trading.

Dell has signed an agreement to buy the manufacturer of solutions for data storage 3PAR. The transaction value is estimated at about $ 1.15 billion This 3Par investors will get $ 18 cash for each share of the company, which is almost twice the closing price of securities on August 13. It is reported that the terms of the agreement were approved by the board of directors of both companies. Meanwhile, the completion of the transaction is expected by the end of this year.

Igor Tringlers
2010-08-16 16:16, Economics.

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