Hewlett Packard Enterprise to Buy Silicon Graphics for $275 Million
Hewlett Packard Enterprise Co. #HPE agreed to pay about $275 million to buy #SiliconGraphics International Corp. , a once-influential pioneer in computing hardware that wound up settling into a small industry niche. The two Silicon Valley companies, which have competed for decades, will form a combination that HP Enterprise said will enhance its data analytics and high-performance computing businesses and aid sales to government agencies. HP Enterprise said it would pay $7.75 a share, a 30% premium to SGI’s closing stock price on Thursday. #SGI shares rose 29% in after-hours trading, while HP Enterprise shares were flat.