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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
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