Dell Inc. says data storage maker 3Par has accepted its raised buyout bid of $1.52 billion, after the computer maker topped an offer from rival Hewlett-Packard.
The offer is $24.30 a share in cash. That is up from Dell’s previous offer of $1.13 billion.
Rival HP offered about $1.5 billion on Monday, or about $24 per share.
The deal is still subject to government approvals and other closing conditions. It is expected to close before the end of the year.
Dell believes the deal will boost earning by fiscal 2012.