Dell Offers $1.15B for 3Par

8/16/10

Fremont, CA-based 3Par (NYSE: PAR) which makes software and servers for data storage in virtualized cloud environments, is the target of an $18-per-share tender offer from Round Rock, TX-based Dell (NASDAQ: DELL). The deal, already approved by both company’s boards, would amount to $1.15 billion, net of 3Par’s cash, according to an announcement today. The deal adds to Dell’s portfolio of storage technologies, which grew in 2007 through its $1.4 billion acquisition of Nashua, NH-based EqualLogic.

Wade Roush is a contributing editor at Xconomy. Follow @

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