Hewlett-Packard said its board had approved the previously announced split of the company into two separate listed entities - computers and printers, and corporate hardware and services.
Hewlett-Packard said yesterday it expected its split into Hewlett Packard Enterprise and HP to be completed on 1 November.
A day later, Hewlett-Packard Enterprise, comprising the corporate hardware and service business, will start trading on the New York Stock Exchange under the ticker symbol "HPE".
Hewlett-Packard, which will be renamed HP and comprise the computers and printers business, will continue to trade under its current ticker symbol.
Hewlett-Packard shareholders will get one share of Hewlett Packard Enterprise for each share held as of 12 October.
The tax-free distribution will be on a pro-rata basis, the 75-year-old company said.
Hewlett-Packard announced the split in October 2014 after years of struggling to adjust to the post-PC computing era.
Hewlett-Packard said it expected Hewlett Packard Enterprise to start trading on a "when issued" basis on or around 19 October under the ticker symbol "HPE WI".
Hewlett-Packard shares were unchanged at $25.61 in pre-market trading yesterday.
Up to Wednesday's close, the stock had fallen about 27% since 3 October, the last trading day before the company announced the split.
Share