Video: HP Ups Bid For 3PAR To $33 Per Share (HPQ,PAR)
Category Video | Friday, September 3rd, 2010
Hewlett-Packard (NYSE:HPQ) announced that it is increasing its tender offer to acquire all outstanding shares of 3PAR (NYSE:PAR) to $33 per share.
The company’s tender offer commenced on August 27, 2010 and is scheduled to expire at 12:00 AM ET on September 24, 2010, subject to customary tender offer conditions being satisfied.
SmarTrend alerted subscribers to take profits in Hewlett-Packard on August 09, 2010 at $43.14, since then the stock fell 9.2%. We are now watching for any positive developments that could result in a new uptrend signal.