NEW YORK Reuters Hewlett-Packard Co HPQ.N raised its offer for data storage company 3PAR Inc PAR.N by $3 to $33 per share, after rival bidder Dell Inc DELL.O raised its offer to $32, instead of bowing out as many expected.
3PAR said on Thursday that HPs offer is superior and it intends to terminate its previous merger agreement with Dell.
3PAR shares rose to $33.59 in premarket trade from their close on Wednesday at $32.08. They had had mostly traded around $10 this year, until Dell announced its $18 per share bid in August.
Reporting by Ritsuko Ando, editing by Gerald E. McCormick
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