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HP Ups Offer for 3PAR Inc.

By Market News Video Staff, Thursday, August 26, 4:11 PM ET

HP (NYSE:HPQ) today announced that it has increased its proposal to acquire all of the outstanding shares of 3PAR Inc. (NYSE: PAR) to $27.00 per share in cash, or an enterprise value of $1.8 billion.

The proposal represents an 11 percent premium above the most recent price offered by Dell Inc. of $24.30 per share.

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