HP gets 3PAR for $2.4 billion

HP raised its offer by $3 to $33 per share, beating Dell's latest $32-a-share offer and ending an exchange of bids that escalated to levels that many analysts said was too high.

3PAR shares rose 75 cents, or 2.3 per cent, to $32.83. They had mostly traded around $10 this year, until Dell announced its $18 per share bid in August.

HP's vast and global sales force is also seen helping 3PAR bolster sales and turn its business profitable.
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