Dell Lower On 3PAR Takeover Talk (DELL, PAR, HPQ)

Shares of Dell DELL slumped to a fresh 52-week low this morning before recovering slightly in morning trading. This morning it was reported that Dell is planning to increase its offer for storage products provider 3PAR PAR after Hewlett-Packard HPQ yesterday topped Dell's original offer of $18 a share. HPQ offered $24 a share. Shares of Dell are off 39 cents, or 3.27%, to $11.55 having earlier made a fresh 52-week low of $11.34.