HPE, in a surprise move, has paid $275 million to acquire former Silicon Valley giant SGI. This equates to $7.75 per share, a premium of 30% over what SGI shares were trading at by close on August 10. What are the reasons for this acquisition?
HPE, in a surprise move, has paid $275 million to acquire former Silicon Valley giant SGI. This equates to $7.75 per share, a premium of 30% over what SGI shares were trading at by close on August 10. What are the reasons for this acquisition?