HP Reports Range Of News, Product Innovations, Services And Programs

(RTTNews) - HP Inc. announced a range of news, product innovations, services and programs aimed at delivering value to its global network of more than 250,000 partners.

HP will share its vision and strategy to drive profitable growth and expand its channel business to 87 percent, up from 80 percent.

HP also introduced an extensive line of A3 multifunction printers (MFPs) and services, representing a strategic initiative for the company and supporting its effort to reinvent business printing.

Earlier today, HP Inc. announced a definitive agreement to acquire Samsung Electronics Co., Ltd.'s (SMSN.L, SSNNF.OB, SSNLF.OB) printer business in a deal valued at $1.05 billion. HP Inc expects the acquisition to be accretive in the first full year following closing, with cost synergies and a strong financial model. After closing, Samsung has agreed to make a $100 million to $300 million equity investment in HP through open market purchases.