Hewlett-Packard Co said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan.
HP said its shareholders would own a stake in both businesses through a tax-free transaction next year, the details of which still needed to be worked out.
Each business contributes about half of HP’s revenue and profit.
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!