M&A
confidence high
sentiment neutral
materiality 0.80
HPE restructures H3C sale: $2.1B for 30% stake, option for $1.4B on 19%
Hewlett Packard Enterprise Co
- Sale of 30% of H3C to UNIS for ~$2.1B due by Aug 31, 2024 (grace to Oct 21, 2024).
- Put/call option for remaining 19% for ~$1.4B, exercisable 16-36 months after Sale Transaction closes.
- Conditions include PRC regulatory approvals, UNIS stockholder approval, and no adverse law.
- If Sale Transaction not closed by Oct 21, 2024, HPE can sell all Shares to a third party.
- UNIS to pay 5% termination fee on consideration if Sale or Option Transaction fails post-grace.