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Hewlett-Packard once again raised its offer for storage company 3PAR on Thursday, outbidding Dell’s revised deal made earlier in the day.

HP’s new offer is $27 per share, up from its previous bid of $24 a share and Dell’s latest offer of $24.30, which was made Thursday morning.

The deal values 3PAR at $1.8 billion, up from the $1.6 billion that Dell offered. HP’s latest bid represents a 180% premium over 3PAR’s closing price of $9.65 the day before Dell’s initial bid.

Both Dell and HP submitted bids for the company last week, but HP raised its bid to just under $1.6 billion after Dell’s initial $1.15 billion offer was announced publicly. On Wednesday, 3PAR told Dell that Dell had three days to raise its offer, or it would go with HP’s deal.

"Not only is our offer superior to Dell’s proposal, HP remains uniquely positioned to execute on this combination given the number of synergies between the two companies," said Dave Donatelli, general manager of HP’s servers and storage unit, in a prepared statement.

As part of 3PAR’s revised deal with Dell reached Thursday morning, the storage company would owe Dell $72 million if it accepts HP’s higher offer business