HP Enterprise Services (Everett Spinco) Acquiring CSC?

Plucked this from the CSC board and found the link:

http://www.reuters.com/article/eu-mergers-idUSL8N1DJ2O9

Nov 18 The following are mergers under review by the European Commission and a brief guide to the EU merger process:

NEW LISTINGS

-- Hewlett Packard Enterprise Services (HPES), IT services business of Hewlett Packard Enterprises, to acquire U.S. IT services group Computer Sciences Corp. Deal previously approved as CSC buying Hew Packard Enterprise Services on Sept. 19 (notified Nov. 17/deadline Dec. 22/simplified)

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It'll be CSC

Pretty obvious

I've never seen a merger or spin off where the name is kept auch a secret. We knew well before what the names would be after the hpe/hpq split. Makes one wonder.

I just hope my old coworkers still standing on their feet when it's all over. They also have bills to pay.

Nope. HPE Shareholders get 50.1% of the new company and CSC shareholders get the rest after spending $2bn of CSC money.

I suppose from a pure merger viewpoint legally HPE shareholders are the dominant part, but that's shareholders, not HPE the company.

Spinco, the clue is in the name... spin

Thread regarding Hewlett Packard Enterprise (HPE) layoffs

HP Enterprise Services (Everett Spinco) Acquiring CSC?

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