HP Spinoff Date Set For November 1
Hewlett-Packard’s Chief Executive Officer, Ms. Meg Whitman, said the separation of HP Inc. from Hewlett-Packard Enterprise would be effective on November 1, 2015. Whitman made the announcement during the company’s technology event, HP Discover 2015, in Las Vegas on Tuesday, May 6, 2015.
HP announced in October it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and service operations.
HP shares are up nearly 1% in pre-market trading after CEO Meg Whitman confirmed the split of its computer and printer businesses from its hardware and service operations will take effect November 1, reports Reuters.
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