TECH - It's Official: Hewlett Packard Enterprise Buys Juniper Networks In A Massive $14B Deal | Benzinga
Hewlett Packard Enterprise Co (NYSE: HPE) penned a deal to acquire Juniper Networks Inc (NYSE: JNPR) for an all-cash transaction for $40.00 per share, representing an equity value of around $14 billion.
The purchase price represents a premium of around 32% to the unaffected closing price of JNPR's common stock on January 8, 2024, the last full trading day before media reports regarding a possible transaction.
The transaction is expected to be funded based on financing commitments for $14 billion in term loans. Such financing will eventually be replaced, in part, with a mixture of new debt, mandatory convertible preferred securities, and cash on the balance sheet.
The deal is anticipated to close in late ...