PALO ALTO, Calif., Sept. 2, 2010 - HP today announced that it is increasing its tender offer to acquire all of the outstanding shares of 3PAR Inc. (NYSE: PAR) to $33 per share in cash.
HP's tender offer commenced on August 27, 2010 and it is scheduled to expire at 12:00 midnight, New York City time on September 24, 2010, subject to customary tender offer conditions being satisfied. The final closing of the acquisition is expected to occur by the end of the calendar year.
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