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Share Name | Share Symbol | Market | Type |
---|---|---|---|
PAR Technology Corp | NYSE:PAR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 44.69 | 175 | 11:50:52 |
DOW JONES NEWSWIRES
Hewlett-Packard Co. (HPQ) said late Thursday that it agreed to buy 3Par Inc. (PAR) through a cash tender offer of $33 a share, and 3Par confirmed it paid Dell Inc. (DELL) a $72 million termination fee to end their merger agreement.
Dell bowed out of the bidding earlier in the day after H-P offered $33 a share for the data-storage company.
The ceasefire between the tech titans ended quite a run for 3Par, whose shares more than tripled in value in the past few weeks. They traded for less than $10 before Dell's initial offer of $18 on Aug. 16.
H-P's cash tender offer is scheduled to expire at midnight EDT Sept. 24. The merger is expected to close by the end of the year.
3Par's shares were at $32.86, down 2 cents, in after-hours trading. H-P's closed at $39.68 and Dell's at $12.36. Both were inactive after hours.
-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357; kathy.shwiff@dowjones.com
1 Year PAR Technology Chart |
1 Month PAR Technology Chart |
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