3Par Flying In The After Hours After HP Raises Bid (HPQ, DELL, PAR)

3Par

has jumped 6.45% to $27.71 in after hours trading as the saga between 3Par, Dell

and Hewlett-Packard

continues. Today, after the close of trading on the New York Stock Exchange, HP raised its offer for 3Par to $27.00 per share. The newest proposal represents a 11% increase over Dell's most recent offer of $24.30 per share for the utility storage systems company. The fact that the stock is trading above the $27.00 offer price in the after hours suggests that traders are betting this may not be the end of the bidding war for 3Par by Dell and HP.