Hewlett Packard Enterprise Says Units Of Company Entered Into Put Share Purchase Agreement With Unit Of Unisplendour Corporation; Units Shall Sell To Unisplendour All Their Shares Of H3C, With Full Title, Free From All Encumbrances For $3.5B
Portfolio Pulse from Benzinga Newsdesk
Hewlett Packard Enterprise (HPE) units have entered into a put share purchase agreement with a unit of Unisplendour Corporation to sell all their shares of H3C for $3.5 billion.
May 26, 2023 | 12:24 pm
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HPE units are selling their shares of H3C to Unisplendour Corporation for $3.5 billion, which may impact HPE's stock price.
The sale of H3C shares by HPE units to Unisplendour Corporation for $3.5 billion may have a positive impact on HPE's stock price, as it indicates a successful divestiture and could potentially free up capital for other investments or debt reduction.
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