Hewlett-Packard Co. HPQ +5.34% plans to separate its personal-computer and printer businesses from its corporate hardware and services operations, the latest attempt by the technology company to improve its fortunes by breaking itself in two.
The company intends to announce the move on Monday, people familiar with the plan said. It is expected to make the split through a tax-free distribution of shares to stockholders next year, said one of the people.
If the division goes off as planned, it would give rise to two publicly traded companies, each with more than $50 billion in annual revenue.
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