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Actionable news in HPE: HEWLETT PACKARD ENTERPRISE COMPANY,

Hewlett Packard Enterprise stock spikes after buyout chatter

Shares of Hewlett Packard Enterprise closed 3.5 percent higher after a report that some or all of the company's assets may be an acquisition target for private equity firms.

KKR, Apollo Global Management and Carlyle Group are mulling a buyout of the enterprise technology company, according to investigative technology site The Information. A sale of the company, which could be worth more than $40 billion, would allow the company to weather the IT industry's transition to the cloud away from the pressures of the public market, an unnamed source told The Information's Kevin McLaughlin.

Shares rose nearly 7 percent earlier in the day, but trimmed those gains slightly when Reuters reported that the firms are focused on acquiring...


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