M&A
confidence high
sentiment negative
materiality 0.85
DOJ sues to block HPE's acquisition of Juniper; companies vow to defend
Hewlett Packard Enterprise Co
- U.S. Department of Justice filed complaint seeking to prohibit HPE's proposed acquisition of Juniper Networks.
- HPE and Juniper say DOJ's analysis is fundamentally flawed and will vigorously defend in court.
- DOJ focus is Wireless Local Area Network (WLAN) market; companies cite at least eight competitors.
- Transaction approved unconditionally in 14 jurisdictions including EU and UK; only Israel and US not cleared.
- Companies claim deal is pro-competitive, enhances US core tech sector, and benefits customers.