Market Overview

HP Offers Statement on Dell LBO

Share:
Related HPQ
Infographic: Global PC Business Hits A 10-Year Low
AMD Reverses Some Of Its 2017 Losses After Analyst Upgrade
HP Inc.: Buy For Income And Total Return (Seeking Alpha)
Related DELL
Infographic: Global PC Business Hits A 10-Year Low
Smart Move: VMware Now Looking To Partner, Rather Than Compete, With The Public Cloud

HP (NYSE: HPQ) today issued the following statement related to Dell's announcement to enter into an agreement to be acquired by Michael Dell and Silver Lake: "Dell has a very tough road ahead. The company faces an extended period of uncertainty and transition that will not be good for its customers. And with a significant debt load, Dell's ability to invest in new products and services will be extremely limited. Leveraged buyouts tend to leave existing customers and innovation at the curb. We believe Dell's customers will now be eager to explore alternatives, and HP plans to take full advantage of that opportunity."

Posted-In: News M&A

 

Related Articles (DELL + HPQ)

View Comments and Join the Discussion!