TOKYO - The Bank of Japan kept policy steady on Wednesday despite concerns over recent volatility in bond market, saying growth is starting to pick up even as risks loomed from an uncertain global outlook.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Owners of a third of 3PAR back HP bid
NEW YORK |
NEW YORK (Reuters) - Data storage provider 3PAR Inc (PAR.N) said on Friday that shareholders owning about a third of its shares have agreed to accept Hewlett-Packard Co's(HPQ.N) proposal to buy the company for $2.4 billion.
HP won a bidding war for 3PAR as Dell Inc (DELL.O) bowed out on Thursday when HP raised its cash offer by $3 to $33 per share to trump Dell's $32-a-share offer.
3PAR had traded mostly around $10 this year, until Dell announced a $18 per share bid in mid-August.
Its shares were down 3 cents at $32.85 in premarket trade after closing at $33.88 on New York Stock Exchange Thursday.
The storage company competes with bigger rival EMC Corp (EMC.N) in a key part of "cloud computing" -- an increasingly popular technology that lets computer users access data and software over the Internet, allowing companies to cut costs.
(Reporting by Sinead Carew; editing by Gerald E. McCormick)
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