M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Thursday, September 2, 2010

Dell Says, "Thanks, but No Thanks."

Dell walks away.  Doesn't think 3Par is worth bidding any more for.  Bloomberg gives you all you need to know about this deal:

HP’s $33-a-share offer values 3Par at 325 times the company’s earnings before interest, taxes, depreciation and amortization during the past year. In 21 computer-services deals in the past five years, acquirers paid a median 16 times trailing Ebitda, according to Bloomberg data.

Believe me, there's no way they are popping Champagne corks over at HP's Palo Alto headquarters.  

-bjmq

http://lawprofessors.typepad.com/mergers/2010/09/dell-says-thanks-but-no-thanks.html

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