Report: Firms want to buy, possibly break apart HP
Saturday, July 2, 2011
NEW YORK — Private equity firms are interested in buying and possibly breaking apart Hewlett-Packard Co., according to a report filed by Reuters on Friday. The news agency said that firms including Blackstone Group, Kohlberg Kravis Roberts and TPG Capital are all eyeing HP at a time when investors have expressed unhappiness over the company’s missed financial targets.
It’s not clear what such a move would mean for the company’s Clark County inkjet printer operations, which have dwindled in recent years, though the company will not say how much. HP, TPG, Blackstone and KKR all declined to comment, Reuters said.