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.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Juniper Networks 923889 NYSE 38,855 20.08.24 21:52:40 -0,135 -0,35% 38,850 38,860 38,830 38,990
Hewlett Packard Enterprise Com A140KD NYSE 18,785 20.08.24 21:52:42 -0,095 -0,50% 18,780 18,790 18,820 18,880

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH