Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Saturday, July 11, 12:45 AM
| This Slide: #44 of 666 |
Slide #44. Hewlett Packard Enterprise Company — Preferred Stock Offering
| Company: | Hewlett Packard Enterprise Company (NYSE:HPE) |
| Date announced: | 9/9/2024 |
| Shares Offered: | 27,000,000 |
| Date of Pricing: | 9/10/2024 |
| Price Per Share: | $50.00 |
| Preferred Stock Offering Details: | Hewlett Packard Enterprise Company (NYSE:HPE) ("HPE") today announced that, subject to market and other conditions, it has commenced an offering (the "Offering") of $1.35 billion (27 million shares) of Series C Mandatory Convertible Preferred Stock of HPE ("Preferred Stock"), in an underwritten registered public offering. In addition, HPE expects to grant the underwriters in the Offering a 30-day option to purchase up to an additional $150 million (3 million shares) of Preferred Stock to cover over-allotments, if any. HPE intends to use the net proceeds from the Offering to fund all or a portion of the consideration for the previously announced pending acquisition of Juniper Networks, Inc. (the "Juniper Acquisition"), to pay related fees and expenses, and, if any proceeds remain thereafter, for other general corporate purposes. -updated 9/10- Hewlett Packard Enterprise Company (NYSE:HPE) ("HPE") today announced the pricing of its previously announced public offering (the "Offering") of $1.35 billion (27 million shares) of Series C Mandatory Convertible Preferred Stock of HPE ("Preferred Stock"), in an underwritten registered public offering, at a price to the public and a liquidation preference of $50.00 per share of Preferred Stock. In addition, HPE granted to the underwriters in the Offering a 30-day option to purchase up to an additional $150 million (3 million shares) of Preferred Stock to cover over-allotments, if any. |
Hewlett Packard Enterprise Co. is a global technology company. Its segments include Server, Hybrid Cloud, Intelligent Edge, Financial Services, and Corporate Investments and Other. Server segment consists of general-purpose servers for multi-workload computing and workload-optimized servers to deliver performance for demanding applications and integrated systems. Hybrid Cloud segment offers a variety of cloud-native and hybrid solutions across storage, private cloud and the infrastructure software-as-a-service space.
Preferred: HPE.PRC
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