Hewlett Packard Enterprise (HPE) Prices $1.35B Preferred Stock Offering
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Hewlett Packard Enterprise Announces Pricing of Public Offering of Mandatory Convertible Preferred Stock
September 10, 2024 10:59 PM EDTHOUSTON--(BUSINESS WIRE)-- Hewlett Packard Enterprise Company (NYSE: HPE) (HPE) today announced the pricing of its previously announced public offering (the Offering) of $1.35 billion (27 million shares) of Series C Mandatory Convertible Preferred Stock of HPE (Preferred Stock), in an underwritten registered public offering, at a price to the public and a liquidation preference of $50.00 per share of Preferred Stock. In addition, HPE granted to the underwriters in the Offering a 30-day option to purchase up to an additional $150 million (3 million shares) of Preferred Stock to cover over-allotments, if any.
The proceeds from the Offering will be... More
