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The tech giant announced the $14 billion purchase of Juniper Networks in January. If completed, the acquisition would double HPE's existing networking business.
Juniper Networks, Inc. is an American multinational corporation headquartered in Sunnyvale, California.The company develops and markets networking products, including routers, switches, network management software, network security products, and software-defined networking technology.
HPE offered $40 per share to Juniper shareholders, the companies said on Tuesday. That represents a 32.4% premium to the stock's close on Monday, when the news of the deal first emerged.
In 2004 Juniper made a $4 billion acquisition of network security company NetScreen Technologies. [4] Juniper revised NetScreen's channel program that year and used its reseller network to bring other products to market. [5] Juniper made five acquisitions in 2005, mostly of startups with deal values ranging from $8.7 to $337 million.
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Acquirer Target company Date of sale Price of sale References Young Broadcasting: KCAL-TV: May 14, 1996 385,000,000 [42]Rural Press: Farm Progress: July 1, 1997