Hewlett Packard Enterprise (HPE) Announces Spin-off of non-Core Software Assets; Deal Valued at ~$8.8B
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HPE Accelerates Strategy With Spin-Off and Merger of Non-Core Software Assets With Micro Focus
September 7, 2016 4:05 PM EDTPALO ALTO, CA -- (Marketwired) -- 09/07/16 -- Hewlett Packard Enterprise (NYSE: HPE)
Transaction valued at approximately $8.8 billion, including 50.1% ownership of the new combined company by HPE shareholders and a $2.5 billion cash payment to HPE Combination creates one of the world's largest pure-play enterprise software companies Accelerates HPE's strategy to unlock faster-growing, higher-margin and stronger free cash flow company HPE to discuss transaction during Q3 earnings call at 5:00 p.m. ET today.Hewlett Packard Enterprise (NYSE: HPE) today announced plans for... More
