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Hewlett-Packard on track to split later this year

Jul. 02, 2015 2:24 AM ETHP Inc. (HPQ) StockHPQBy: Yoel Minkoff, SA News Editor2 Comments
  • Taking an important step toward its breakup on Nov. 1, HP (NYSE:HPQ) has filed paperwork with the SEC that outlines the balance sheet - based on the past performance of its Enterprise Group - of a new corporate technology company called Hewlett Packard Enterprise.
  • According to the document, the entity had revenue of about $55B and total assets of $65B in the fiscal year ended in October.
  • The second company resulting from the split, HP Inc., isn't obligated to file a similar disclosure document because it is considered the parent company.
  • SEC Form 10

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