Hewlett-Packard Board Approves Split Into Two Firms

Hewlett-Packard said its board had approved the previously announced split of the company into two separate listed entities — computers and printers, and corporate hardware and services.

Hewlett-Packard on Thursday said that it expected its split into Hewlett Packard Enterprise Co and HP Inc to be completed on November 1.

A day later, Hewlett Packard Enterprise, comprising the corporate hardware and service business, will start trading on the New York Stock Exchange under the ticker symbol “HPE.”

Hewlett-Packard, which will be renamed HP and comprise the computers and printers business, will continue to trade under its current ticker symbol.

Hewlett-Packard shareholders will get one share of Hewlett Packard Enterprise for each share held as of October 21.