HPE Set To Pay DXC $666 Million In Spin-In Merger ‘Accounting’ Dispute!!!
‘You’ve got to do your due diligence,’ says a solution provider CEO who recently completed a merger pact. ‘Regardless of size of the deal, there are going to be minor and major hiccups and bumps in the road.’
The $666M total includes $631.8M in damages and $34.3M in pre-award interest. - DXC shares are up 4.1% to $33.10. HPE shares are up 2.6% to $13.14.
how much of HPs legacy real-estate got crammed into those legacy EDS operating leases which were most likely off balance sheet financing....Financial engineering at its best from Whitman...
well Wall St seems to think it was OK for HPE, their shares were up 3% after the news, and finished the day nearly 2.5% higher, so Wall St must have thought the arbitrated amount could have been much worse for them
Probably a good outcome for HPE. Some people might say, they got away with it.