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HPE unveils several business changes, including forming a strategy committee and appointing a new board member, as it agrees to work with Elliott to boost value (@mollyschuetz / Bloomberg) https://t.co/bEieF4JktZ https://t.co/jLd1JbROXi https://t.co/ZOzeer1FAj
Hewlett Packard Enterprise announced several business changes as it agreed to work with Elliott Investment Management on ways to help the software company boost value https://t.co/J5TkPfMecK
$HPE (+0.5% pre) HPE reports cooperation agreement with Elliott https://t.co/XIbPNFwxxn
Hewlett Packard Enterprise said it has entered a cooperation agreement with activist investor Elliott Investment Management aimed at accelerating efforts to lift the company’s valuation. Under the pact, HPE will form a board-level strategy committee and appoint a new director backed by Elliott. The panel will review options to sharpen HPE’s portfolio focus and capital-allocation plans. The computer hardware and services provider said the agreement follows recent discussions with Elliott and reflects a shared view on opportunities to unlock value for all shareholders. HPE shares rose roughly 0.5% in pre-market trading after the announcement.
