Justice Department sues to block HPE’s $14B Juniper acquisition
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.
Hewlett Packard Enterprise Shares Fall As US Department Of Justice Sues To Block Juniper Acquisition
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.
Deutsche Bank has recently raised Hewlett Packard Enterprise Co (HPE) stock to Buy rating, as announced on December 19, 2024, according to Finviz. Earlier, on December 6, 2024, Citigroup had raised ...
DOJ argued that the acquisition would eliminate competition and would lead to only two companies 'Cisco Systems and HPE' ...
Juniper was so far advanced in its artificial intelligence capabilities, HPE felt so threatened that it tried to buy them out ...
Dept. of Justice may sue to block HPE's acquisition of Juniper Networks due to concerns over competition with Cisco.
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