HP Inc. said it had agreed to buy its communications company Poly Workplace in a $ 1.71 billion deal.
HP will pay $ 40 in cash for each share of Poly, valuing the company at $ 3.3 billion, including the company’s net debt.
The price of the deal is a premium higher than 50% of the closing price of Poly’s stock on Friday, at $ 26.20 per share.
HP said the deal would help it build a more development-oriented portfolio, and strengthen its position in the field of hybrid work solutions.
“The rise of hybrid offices is creating a once-in-a-lifetime opportunity to redefine the way work is done,” said Enrique Lores, CEO of HP.
The company’s share is falling 1%.
Source: Capital
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