HP Agrees to Acquire Samsung Printer Business for $1.05 Billion

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HP Inc.HPQ -3.83 % agreed to buy Samsung Electronics Co.SSNHZ 0.00 % ’s printer business for $1.05 billion, a deal designed to help the Silicon Valley company expand into high-volume devices that handle printing and copying for office work groups.

The transaction, which is subject to regulatory approval, is expected to close within 12 months, the companies said Monday. After it is completed, Samsung has agreed to make an equity investment of $100 million to $300 million in HP through open-market stock purchases. read the rest here

9/12/168:45 AM

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