Aug 16 (Reuters) – Dell Inc (DELL.O) said on Monday it plans to buy data storage company 3PAR Inc (PAR.N) for $18 per share in cash, or $1.15 billion, extending its storage product offering for cloud computing.
The deal marks an 87 percent premium over 3PAR’s Friday closing price. It is expected to close by the end of the year, the companies said.
Stay Tuned For Further Updates…
Latest posts by cloudtweaks (see all)
- Technology Advice Report: 2014 Business Intelligence Buying Trends - July 31, 2014
- Concurrent, Inc. And Elasticsearch, Inc. Team Up To Accelerate Data Application Deployment - July 31, 2014
- Cloud Infographic: Cloud And Mobile Data - July 30, 2014