Silicon Graphics (SGI) Tops Q4 EPS by 7c

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Go back to Silicon Graphics (SGI) Tops Q4 EPS by 7c

Hewlett Packard Enterprise (HPE) to Acquire Silicon Graphics (SGI) for $275M

August 11, 2016 4:07 PM EDT

SGI (NASDAQ: SGI), a global leader in high-performance solutions for compute, data analytics, and data management, today announced that it has signed a definitive agreement to be acquired by Hewlett Packard Enterprise (NYSE: HPE) for $7.75 per share in cash, a transaction valued at approximately $275 million, net of cash and debt.

SGI products and services are used for high-performance computing (HPC) and big data analytics in the scientific, technical, business and government communities to solve challenging data-intensive computing, data management and virtualization problems. The company has approximately 1,100... More