19.06.2024 16:09:07 - dpa-AFX: UK Probes $14 Bln Planned Acquisition Of Juniper By Hewlett Packard

WASHINGTON (dpa-AFX) - The UK's Competition Market Authority or CMA
announced on Wednesday that it has launched phase 1 investigation into proposed
acquisition of Juniper Networks, Inc (JNPR) by Hewlett Packard Enterprise (HPE).

It was in January this year that HPE agreed to buy Juniper Networks in an
all-cash transaction for $40 per share, representing an equity value of about
$14 billion.

The regulator is now considering whether this deal can lead to substantial
reduction of competition within any market or markets in the United Kingdom for
goods or services.

As part of the probe, the CMA has invited comments on the transaction from any
interested party during the period from June 19 to July 3.

CMA is scheduled to release its decision on August 14.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
JUNIPER NETWORKS DL-,01 923889 Frankfurt 33,010 27.06.24 08:19:24 +0,080 +0,24% 33,290 33,410 33,010 32,930
HEWLETT PACKARD ENT. A140KD Xetra 19,668 27.06.24 15:43:35 +0,152 +0,78% 19,622 19,664 19,586 19,516

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