Hewlett Packard Enterprise Says HPE Parties And UNIS Entered Into An Amended And Restated Put Share Purchase Agreement; Under Terms, Sale By HPE Parties Of 30% Of Total Share Capital Of H3C To UNIS For About $2.1B By Or Before August 31
Portfolio Pulse from Benzinga Newsdesk
Hewlett Packard Enterprise (HPE) has entered into an amended and restated put share purchase agreement with UNIS. Under the terms, HPE will sell 30% of the total share capital of H3C to UNIS for approximately $2.1 billion by or before August 31.
May 24, 2024 | 12:53 pm
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Hewlett Packard Enterprise (HPE) is set to sell 30% of H3C to UNIS for $2.1 billion by August 31. This move could provide HPE with significant liquidity and potentially improve its financial position.
The sale of 30% of H3C for $2.1 billion will provide HPE with substantial liquidity, which could be used to strengthen its balance sheet, invest in growth opportunities, or return value to shareholders. This is likely to be viewed positively by investors.
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