Hewlett-Packard splits in two. After the weekend's rumors, HP officially confirms its intention to separate the division that deals with printers and personal computers from the one that follows hardware and services.
The transaction, the IT giant said, will be carried out through a tax-free distribution of securities to shareholders at the end of fiscal 2015. According to plans, the two new companies will both be publicly traded and will each have estimated at more than $50 billion annually.
HP also announced that the layoffs will be 5 more than originally planned, for a total of 55, once "incremental opportunities for reductions" are identified. HP had previously assumed between 45 and 50 redundancies, of which around 36 already made as part of the restructuring plan.
In the pre-stock market, HP's stock managed to gain 7% on Wall Street.
