HPE Agrees to Buy Supercomputer Maker Cray for $1.4 Billion
Hewlett Packard Enterprise Co. has agreed to buy U.S. supercomputer maker Cray Inc. in a deal valued at about $1.4 billion as the firm works to become more competitive in high-end computing.
Cray investors will get $35 a share in cash, the companies said in a statement on Friday, confirming an earlier Bloomberg report. That represents a premium of about 17% above Thursday’s closing price. The deal values Cray at $1.3 billion net of cash, the firms said in the statement.
Hewlett Packard Enterprise Co. has agreed to buy U.S. supercomputer maker Cray Inc. in a deal valued at about $1.4 billion as the firm works to become more competitive in high-end computing.
Cray investors will get $35 a share in cash, the companies said in a statement on Friday, confirming an earlier Bloomberg report. That represents a premium of about 17% above Thursday’s closing price. The deal values Cray at $1.3 billion net of cash, the firms said in the statement.