Hewlit Packard Enterprise Company (HPE): From Bloomberg: "KKR & Co., Apollo Gl...

Send PM Follow Ignore

Followers	260
Posts	18187
Boards Moderated	0
Alias Born	01/19/2006

north40000

Re: None

Friday, 07/29/2016 10:45:50 PM

Friday, July 29, 2016 10:45:50 PM

From Bloomberg:

"KKR & Co., Apollo Global Management LLC and Carlyle Group LP are “sniffing around” the company, The Information reported, citing an unnamed person who has had talks with representatives of the private equity firms. A Hewlett Packard Enterprise spokeswoman declined to comment.
Hewlett Packard Enterprise gained 7.7 percent to $21.88 at 1:37 p.m. in New York, the biggest intraday jump since May 25. The company gained 34 percent this year through Thursday’s close.
Chief Executive Officer Meg Whitman has been pushing the company to reduce its size and become more flexible as it navigates the changing demands of corporate customers for its computer storage and networking business since November when it split from sister company HP Inc. In May, the company said it would spin off and merge its business-services division with Computer Sciences Corp. in a deal valued at $8.5 billion for its shareholders."