HPE to obtain Juniper Networks for $14 billion

Hewlett Packard Enterprise said in a assertion on Tuesday that it programs to invest in knowledge middle networking hardware maker Juniper Networks for about $14 billion, or $40 per share, in an all-dollars deal.

The announcement arrived a day following the Wall Avenue Journal claimed on HPE’s fascination in purchasing Juniper.

Juniper shares had their greatest working day in 20 yrs on Tuesday following the Wall Road Journal report, which stated a offer could be declared this 7 days. The shares jumped 22% to shut at $37.05.

HPE claimed the deal would be accretive to its adjusted earnings for every share in the first calendar year following it closes.

This is breaking news. Be sure to check back again for updates.

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