HP Inc. (HPQ) - NYSE
  • Sep. 2, 2010, 10:33 AM

    H-P (HPQ +0.5%) wins the bidding war for 3Par (PAR +2.2%), as Dell (DELL +1.3%) says it "will not increase its most recent proposal to acquire 3PAR, and that Dell has ended its discussions regarding a potential acquisition. Dell is entitled to receive a $72M break-up fee from 3PAR upon the termination of its merger agreement." (PR)

    | Sep. 2, 2010, 10:33 AM | 2 Comments
  • Sep. 2, 2010, 9:07 AM

    Hewlett-Packard (HPQ) raises its bid for 3Par (PAR) to $33/share, again staying ahead of Dell (DELL), which is reported to have also offered a higher price and negotiated a higher breakup fee. HPQ -0.1%, PAR +4.6%, DELL -0.2% premarket.

    | Sep. 2, 2010, 9:07 AM
  • Sep. 1, 2010, 2:47 PM
    Dell (DELL +2.5%), which has until the end of today to match Hewlett-Packard's (HPQ +1.5%) $30/share offer for 3Par (PAR -0.5%), likely will make a new bid by the deadline, NY Post reports. Dell may seek to “change the rules,” perhaps offering shares, warrants or suggesting a joint venture.
    | Sep. 1, 2010, 2:47 PM
  • Aug. 31, 2010, 10:55 AM

    A News Corp. (NWS) proxy filing says that after discussions, former H-P (HPQ) CEO Mark Hurd will leave the company's board after its Oct. 15 annual meeting.

    | Aug. 31, 2010, 10:55 AM
  • Aug. 31, 2010, 7:39 AM
    Analysts widely expect Dell (DELL) to drop its pursuit of 3Par (PAR) because it just doesn't have the ammo to keep up with H-P's (HPQ) climbing bids. Dell, which has until tomorrow to decide whether to match H-P's latest offer, says it's still assessing its options.
    | Aug. 31, 2010, 7:39 AM
  • Aug. 30, 2010, 8:45 AM

    H-P (HPQ +2.8%) authorizes an additional $10B stock repurchase, and plans to buy back at least $3B of stock in Q4. (PR)

    | Aug. 30, 2010, 8:45 AM
  • Aug. 28, 2010, 3:23 PM
    The showdown between Dell (DELL) and H-P (HPQ) over 3Par (PAR) may be stealing the spotlight at the moment, but it pales in comparison to the bidding wars of the past.
    | Aug. 28, 2010, 3:23 PM
  • Aug. 28, 2010, 2:29 PM

    3Par (PAR) said late yesterday that H-P's (HPQ) latest offer, this one for $30/share, is a superior proposal, and told Dell it plans to terminate their previous deal for $27/share. But it's too soon for H-P to declare victory, as Dell said today it's considering matching or beating the higher bid.

    | Aug. 28, 2010, 2:29 PM | 4 Comments
  • Aug. 27, 2010, 3:24 PM

    The price for 3Par (PAR +23.5%) is now more than 8X annual revenue of $240M, very rich for a company that has lost money every year since going public in 2007 and a stock that had been trading around $10. According to FT's Lex, 3Par would have to increase annual revenue sixfold by 2015 for H-P (HPQ -0.6%) or Dell (DELL +2%) to generate a respectable return.

    | Aug. 27, 2010, 3:24 PM | 1 Comment
  • Aug. 27, 2010, 9:51 AM

    Hewlett-Packard (HPQ -0.4%) announces another increased proposal to acquire 3Par (PAR +21.1%), at $30/share in cash, or an enterprise value of $2B. The proposal represents an 11% premium above Dell's (DELL +1.2%) latest offer of $27/share. (PR)

    | Aug. 27, 2010, 9:51 AM
  • Aug. 27, 2010, 7:14 AM

    3Par (PAR) says it will accept a newly revised bid from Dell (DELL), which is now offering to match H-P's (HPQ) $27/share offer.

    | Aug. 27, 2010, 7:14 AM
  • Aug. 27, 2010, 7:07 AM
    When it comes to H-P's (HPQ) pursuit of 3Par (PAR), sources say the company, which is sitting on a cash pile of nearly $15B, doesn't feel "any constraints;" in fact, H-P expects Dell (DELL) to try to top its latest offer and could decide to raise its bid once again.
    | Aug. 27, 2010, 7:07 AM
  • Aug. 26, 2010, 4:54 PM

    3Par (PAR) shares trade above H-P's (HPQ) latest offer price, indicating that investors think the price will climb even higher in a bidding war with Dell (DELL). PAR +7.2% AH, HPQ -0.4%, DELL -0.8% AH.

    | Aug. 26, 2010, 4:54 PM | 2 Comments
  • Aug. 26, 2010, 4:15 PM

    Hewlett-Packard (HPQ) boosts its proposal to acquire 3Par (PAR) to $27/share in cash, or $1.8B. The proposal represents an 11% premium above Dell's (DELL) offer of $24.30/share. HP's proposal is not subject to any financing contingency and has been approved by its board. (PR) Updated 4:39 p.m.: PAR up 7.3% AH, to $27.92.

    | Aug. 26, 2010, 4:15 PM
  • Aug. 26, 2010, 12:17 PM
    After stepping down as Hewlett-Packard (HPQ) CEO, Mark Hurd filed to sell $30M in company shares Monday, up to 775,000 common shares. As part of his severance package, Hurd was given until Sept. 7 to exercise options on 775,000 shares.
    | Aug. 26, 2010, 12:17 PM | 1 Comment
  • Aug. 26, 2010, 8:32 AM

    The bidding war for 3Par (PAR -3.4%) comes to a swift end, as the company approves an upwardly-revised bid from Dell (DELL +1.8%), calling the $24.30/share offer "superior." The revised offer values 3Par at $1.53B and tops H-P's (HPQ +1.1%) bid earlier this week of $24/share. (PR)

    | Aug. 26, 2010, 8:32 AM
Company Description
HP Inc. provides products, technologies, software, solutions and services to individual consumers, small and medium-sized businesses and large enterprises, including customers in the government, health and education sectors. It operates through seven business segments: Personal Systems,... More
Sector: Technology
Industry: Diversified Computer Systems
Country: United States