Focus shares as of market close on September 5, 2016. HPE will also receive a $2.5 billion cash payment prior to the completion of the merger, resulting in total consideration to HPE and its shareholders of approximately $8.8 billion. The transaction is expected to be tax-free to HPE.

An HPE senior executive will serve on the board of directors of the combined company. In addition, HPE will nominate 50% of the independent directors to the combined company's board.

To recognize the $8.8 billion of value and unlock a more attractive financial profile for HPE going forward, HPE expects to incur one-time after-tax separation costs of approximately $700 million, with the vast majority occurring in fiscal year 2017. The transaction is subject to customary closing conditions, including the receipt of requiredalso deserted. We took advantage of the situation by grabbing a table at Rick Stein's Seafood Restaurant where we dined on lobster :)

Sunday, December 19, 2010

K and I braved the snowstorms to make it to Mom's for her Birthday (and early Xmas) celebrations. The snow was getting worse and worse as we travelled to her - by the time we were there it was a complete white-out with 6" on the ground. Somehow we managed to make it back out the following morning - good little car the Merc :)

Tuesday, December 07, 2010

WOW - what a night. Thomsons had their 10-year anniversary ball and K and I were invited. We were put up in the Royal Gardens Hotel for the night but the ball itself was at the