Tuesday, May 24, 2016 8:51:34 PM
Hewlett Packard Enterprise Plans Spinoff That Will Merge With Computer Sciences Corp.
Hewlett Packard Enterprise on Tuesday said it would spin off its enterprise-services business and merge it with Computer Sciences Corp., creating an information-technology services company with $26 billion in annual revenue.
Hewlett Packard Enterprise said the move "is the logical next step in the turnaround" of its enterprise-services business and will allow the remaining company to focus on its server and other data-center gear businesses.
Following the transaction, Hewlett Packard Enterprise shareholders will own 50% of the new company.
http://www.wsj.com/articles/hp-enterprise-to-spin-off-merge-services-business-1464121433
Hewlett Packard Enterprise on Tuesday said it would spin off its enterprise-services business and merge it with Computer Sciences Corp., creating an information-technology services company with $26 billion in annual revenue.
Hewlett Packard Enterprise said the move "is the logical next step in the turnaround" of its enterprise-services business and will allow the remaining company to focus on its server and other data-center gear businesses.
Following the transaction, Hewlett Packard Enterprise shareholders will own 50% of the new company.
http://www.wsj.com/articles/hp-enterprise-to-spin-off-merge-services-business-1464121433
My post is for Your Eyes only and my entertainment
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
