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US: Private equity firms looking at potential HP buyout

By  |  July 31, 2016

A Hewlett Packard Enterprise spokeswoman declined to comment, but an unnamed source told The Information that KKR & Co., Apollo Global Management LLC and Carlyle Group LP are “sniffing around” the company.

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    After the news leaked out, HP gained 7.7 percent to $21.88 at the most intraday in two months.

    HP’s CEO 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.

    Full Content: Bloomberg

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