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HP spinoff to buy supercomputer maker Cray for $1.3 billion
short by Kanishka Pandey / on Saturday, 18 May, 2019
Hewlett Packard Enterprise (HPE) has agreed to buy supercomputer manufacturer Cray for about $1.30 billion. HPE said Cray investors will get $35 a share in cash, a premium of over 17% to Cray's Thursday closing price of $29.81. It added it expects to incur one-time integration costs that will be absorbed within its fiscal year 2020 free cash flow outlook.
read more at Reuters