HPE to acquire Juniper Networks for $14B all-cash ($40/share); close expected late 2024/early 2025

Hewlett Packard Enterprise Co

Deal value: $14B equity, $40.00 per share cash, ~32% premium to Jan 8 close.
Expected to close late 2024 / early 2025, subject to Juniper shareholder and regulatory approvals.
Expected to be accretive to non-GAAP EPS and FCF year 1; run-rate cost synergies of $450M within 36 months.
Juniper CEO Rami Rahim to lead combined networking business, reporting to HPE CEO Antonio Neri.
Financing: $14B term loan from Citi, JPMorgan, Mizuho; ultimately replaced with debt, mandatory convertible preferreds, cash.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hewlett Packard Enterprise Co entered into Agreement and Plan of Merger with Juniper Networks, Inc. valued at $40.00 per share (effective 2024-01-09).

Action: entry
Agreement: merger
Counterparty: Juniper Networks, Inc.
Value: $40.00 per share
Effective: 2024-01-09

Exact text from the filing

On January 9, 2024, Hewlett Packard Enterprise Company (“HPE”) entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”), by and among Juniper Networks, Inc., a Delaware corporation (“Juniper”), HPE and Jasmine Acquisition Sub, Inc., a Delaware corporation and a wholly owned subsidiary of HPE (“Merger Sub”).

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Hewlett Packard Enterprise Co filing history →

Source: SEC EDGAR

accession 0001140361-24-001613

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