Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Mar. 4, 2:03 PM
| This Slide: #65 of 100 |
Slide #65. HP Inc. — HyperX
Acquirer:
HP Inc. (NYSE:HPQ)
Acquiree:
HyperX
Details:
HP Inc. today announced a definitive agreement to acquire HyperX, the gaming division of Kingston Technology Company. The acquisition supports HP's strategy to drive growth in its Personal Systems business, where gaming and peripherals are attractive segments. HyperX's award-winning product portfolio spans a range of gaming peripherals, including headsets, keyboards, mice, mouse pads, USB microphones, and console accessories.
HP is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. Co.'s segments are: Personal Systems, which provides commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and other related accessories, software, support and services; Printing, which provides consumer and commercial printer hardware, supplies, services and solutions; and Corporate Investments, which includes HP Labs and certain business incubation and investment projects.
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Avg. Broker Rec.
  
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Hold (2.45 out of 4) 9th percentile
(ranked lower than approx. 91% of all stocks covered)
Analysts' Target Price: HPQ Stock Forecast Based on Zacks ABR data; powered by Xignite |
