Hewlett Packard Enterprise (HPE) Announces Spin-off of non-Core Software Assets; Deal Valued at ~$8.8B
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/20/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
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
