HP Enters Talks with 3PAR in Bidding War with Dell

3PAR PAR said on Tuesday it will start merger talks with Hewlett-Packard HPQ after HP's $1.6 billion offer for the data storage company trumped a bid by its smaller rival Dell DELL. 3PAR has determined that HP's proposal was "reasonably likely" to lead to a superior offer over Dell's $1.15 billion bid and has informed Dell of its intention to enter talks with HP, the company said in a filing with the U.S. Securities and Exchange Commission. If 3PAR's board endorses the bid by HP, it will give Dell 3 business days to sweeten its offer, 3PAR said in the filing, adding that it has not yet made such a determination. To read the rest, head over to FOX Business.