So it's official -- Dell
The computing giant did sweeten its bid a little bit, placing the final offer at $27.75 per share. That's 0.9% above the previously reported $27.50 talking point, and Compellent still trades above Dell's purchase price.
At $820 million, net of Compellent's cash balance, this is a fairly large deal. You can pretty much rule out a competing bid from NetApp
So I don't see any bidding wars erupting over Compellent, no matter how attractive its data management software may be. The storage sector is quickly boiling down to a handful of large bullies named EMC, HP, IBM, and possibly Dell, with all the smaller fish apparently praying for their own turn at the buyout game. Compellent shareholders would be silly to reject this offer, because there ain't no better ones coming.
Other than Dell completing its lineup with Compellent and perhaps a smaller hardware minnow such as Xyratex
So I'm calling an end to the storage buyout binge after this one. Any new deals at this point will officially surprise me.
Do you agree with Anders' buyout cease-fire or do you see more deals coming down the pipeline? Share your insights in the comments below.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.