Getting your player ready...
SAN FRANCISCO — The bidding war for 3Par Inc. intensified Friday, with both Hewlett-Packard Co. and Dell Inc. raising their takeover offers again — with the latest bid valuing the small data-storage company at $2 billion.
Investors in 3Par cheered the news, which drove the stock up nearly 25 percent to $32.46 by Friday’s close — putting the shares more than 8 percent above the highest bid price, signaling a hope for more offers.
HP boosted its offer for the company to $30 per share just before the opening bell. That came just hours after Dell had raised its offer for the company to $27 to match HP’s previous offer.
