SEOUL, SOUTH KOREA–(Marketwire – September 7, 2010) – 3PAR® (NYSE: PAR), the leading global provider of utility storage, announced today a partnership with Seoul-based Dongbu CNI to deliver 3PAR Utility Storage products and maintenance services to customers throughout Korea. 3PAR Korea, the company’s Korean subsidiary, chose Dongbu CNI due to its large, nationwide customer base and expert network of sales and pre-sales engineers across Korea who specialize in delivering large enterprise server and storage solutions for enterprise, service provider, and Internet/Web datacenters. Dongbu CNI has agreed to sell 3PAR Utility Storage as well as offer maintenance services through its proven
storage virtualization technologies
HP’s Bid Valued at Approximately $2 Billion FREMONT, CA–(Marketwire – August 27, 2010) – 3PAR® (NYSE: PAR), the leading global provider of utility storage, today announced its board of directors has determined that the unsolicited proposal by Hewlett-Packard Company to acquire all of 3PAR’s outstanding common stock at $30 per share constitutes a “superior proposal” (as that term is defined in 3PAR’s previously announced merger agreement with Dell). The 3PAR board of directors notified Dell of its intention to terminate the merger agreement with Dell, immediately following the expiration of the three business day period contemplated by, and the satisfaction
Revised Transaction Valued at Approximately $1.8 Billion FREMONT, CA–(Marketwire – August 27, 2010) – 3PAR® (NYSE: PAR), the leading global provider of utility storage, today announced it has accepted a matching offer to be acquired by Dell for a price of $27 per share, or approximately $1.8 billion, net of 3PAR’s cash. Accordingly, 3PAR and Dell have signed a second amendment to their previously announced merger agreement reflecting the new offer price, and maintaining the termination fee unchanged at $72 million, which is payable in the event that 3PAR receives and accepts another unsolicited acquisition proposal that its board determines
