Hewlett Packard is set to merge with Juniper for $14 billion. However, the U.S. Justice Department is suing to block the merger.
Read about Hewlett Packard Enterprise and Juniper Networks' response to a Justice Department move to block the proposed $14 billion all-cash acquisition deal between the companies.
DOJ cited reduced competition in the wireless market as the biggest problem with the proposed $14 billion sale of Juniper Networks to Hewlett Packard Enterprise. The vendors say they plan to “vigorously defend the transaction in court.
The challenge to Hewlett Packard Enterprise’s acquisition of Juniper Networks came as many in corporate America had expected a lighter touch under a new administration.
Hewlett Packard Enterprise (NYSE:HPE) and Juniper Networks, Inc. (NYSE:JNPR) today responded to the filing of a complaint by the U.S. Department of Justice seeking to prohibit closing of HPE’s propose
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.
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.
U.S. government regulators sued to block Hewlett Packard Enterprise’s $14 billion acquisition of rival Juniper Networks on Thursday, saying the combination would eliminate competition, raise prices and reduce innovation.
The Justice Department on Thursday sued to block the tie-up of Hewlett Packard Enterprise and Juniper Networks, a $14 billion deal that would join the second and third-largest companies providing wireless networking solutions for large corporate customers.
The Department of Justice (DOJ) on Thursday sued to block Hewlett Packard Enterprises from acquiring Juniper Networks, arguing that the merger between the nation’s second- and third- largest wireless network providers would reduce necessary competition in the industry.
The Justice Department has filed a lawsuit to block Hewlett Packard Enterprise's $14 billion acquisition of Juniper Networks. The lawsuit claims the merger would eliminate competition, potentially increase prices,