3Par Inc. (PAR) Shares Double On Dell’s (DELL) $1.15 bln Acquisition Offer
August 16, 2010 at 13:06 PM EDT
Shares of 3Par Inc. (PAR), a data-storage co. that specializes in virtualization-storage services, spiked more than 85% Monday morning after Dell (DELL) unveiled plans to pay $1.15 billion, or $18 a share, for the Fremont, Calif.-based company, an 87 percent premium to 3Par’s Friday closing price of $9.65. As trading progressed 3Par shares soared [...]
