Juniper Networks, HPE and Justice Department
Read about Hewlett Packard Enterprise and Juniper Networks' response to a Justice Department move to block the proposed $14 billion all-cash acquisition deal between the companies.
The US Department of Justice (DOJ) has filed a lawsuit to prevent Hewlett Packard Enterprise's (HPE) proposed $14bn deal to acquire rival Juniper Networks. HPE agreed to acquire networking gear maker Juniper Networks in an all-cash deal for $40 per share, valuing the latter at about $14bn, in January 2024.
DOJ cited reduced competition in the wireless market as the biggest problem with the proposed $14 billion sale of Juniper Networks to Hewlett Packard Enterprise. The vendors say they plan to “vigorously defend the transaction in court.
An antitrust lawsuit filed by the DOJ poses an obstacle to HPE’s proposed acquisition of Juniper, but the vendors say they plan to vigorously defend the transaction.
Hewlett Packard Enterprise (NYSE:HPE) and Juniper Networks, Inc. (NYSE:JNPR) today responded to the filing of a complaint by the U.S. Department of Justice seeking to prohibit closing of HPE’s propose
Hewlett Packard Enterprise Company (HPE) and Juniper Networks, Inc. Thursday addressed the U.S. Department of Justice's complaint
Hewlett Packard Enterprise shares are trading lower Thursday after the U.S. Department of Justice (DOJ) filed an antitrust lawsuit to block its proposed $14 billion acquisition of Juniper Networks.
The U.S. Justice Department has filed suit to block Hewlett Packard Enterprise Co.’s proposed acquisition of Juniper Networks Inc. for $14 billion. Officials submitted the complaint today to the U.S. District Court for the Northern District of California.
The challenge to Hewlett Packard Enterprise’s acquisition of Juniper Networks came as many in corporate America had expected a lighter touch under a new administration.
The US Justice Department (DoJ) has sued to block Hewlett Packard Enterprise’s (HPE) $14 billion deal to buy Juniper Networks.
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